Bob Diamond.

[pie'n'eal]

BBC:
Bob Diamond, is about to leave with £20-23 million for what?


Being the best person for the job?

Any comments welcomed.

[jackovesk]

Good Old...

Bobby

He just can't seem to take his hands out from the til....

In all honesty Pineal, just wanted to say "Good to see you back posting on Avalon"...

I have heard of JP Morgan/Chase Jamie Diamond, is Bob a relative..? Most probably...

or was he the one involved in all the illegal Rate fixing in the UK..?

[pie'n'eal]

I'm waiting for the cover up story.
I wonder if he's going to the Moon with the others, or Ecuador.

I'm hoping the truth will out....but I doubt it.


Tony

[Dorjezigzag]

One of the beliefs that unites the worlds belief systems is the equating of usary as an abusive act that acts against anothers autonomy.
It turns autonomous people into money slaves.

Yet these usurers are rewarded with a disproportionately large slices of the cake and are almost worshiped by the Sheeple.

By making money our god, we give people such as this power

[pie'n'eal]

They are already using the term NEW AGE of RESPONSIBILITY. Do they take us for fools?

[turiya]

I have heard of JP Morgan/Chase Jamie Diamond, is Bob a relative..?

That's Jamie Dimon, so different last name.

One of the beliefs that unites the worlds belief systems is the equating of usary as an abusive act that acts against anothers autonomy.
It turns autonomous people into money slaves.
Yet these usurers are rewarded with a disproportionately large slices of the cake and are almost worshiped by the Sheeple.
By making money our god, we give people such as this power.

Watching a movie, one tends to forget that one is the observer of a series of images projected in rapid succession across a blank screen.
One tends to become immersed & merged with what is being observed in the storyline.

The belief that money = happiness... (a future happiness that is yet to come), is the plot of the movie we are viewing.
Once one has accepted this belief as truth, one begins to become immersed within the storyline, forgetting.
The future is always coming tomorrow, it never arrives today.
Hence the movie never has an end to it, unless one chooses to stop waiting for the future happiness to materialize itself out of the wealth that one has been accumulating.

Those that live according to this belief closely observe their neighbors to see how this plays itself out.
Looking for proof.
Watching for happiness revealing itself in the lives of others who have invested much in this belief.
The arrow of watchfulness is pointed outward toward others.

Bob Diamond is still immersed in the movie.
Believing future happiness is equal to money.
...Believing that so much money will bring so much happiness.

Few are those that come to understand early on in their lives.
That the real treasure lies within.
More, perhaps, come to find it out before their life comes to a close.
Most, probably, will not understand this, even when on their death beds.

-*-

[pie'n'eal]

The Daily Mail.


Revenge of a fallen titan: Ousted Barclays boss makes damning claims Bank of England and Labour ministers were involved in rigging interest rates
Bob Diamond releases memo which points finger at Bank of England and Whitehall
Document suggests they leant on him to keep Libor rates down
Former CEO due to give evidence to Parliament today
Barclays shares fall 2.25 per cent as scandal hits banks
By JAMES CHAPMAN and BECKY BARROW
PUBLISHED: 23:23, 3 July 2012 | UPDATED: 09:52, 4 July 2012


Revenge: Bob Diamond released documents suggesting the Bank of England encouraged him to keep Libor rates down
Bob Diamond last night implicated large parts of the Establishment in the rate-fixing scandal.
In a spectacular act of revenge, the fallen financial titan turned on the Bank of England, Whitehall officials and the last Labour government.
His former bank Barclays published documents suggesting the Bank of England leant on him to push down the Libor rate that affects the price of loans and financial products everywhere.

Senior Whitehall figures had expressed concern about the high rates being reported by Barclays and wanted them lowered, according to the memos.
A key email suggested Barclays was alone in reporting high borrowing costs in 2008, while rival banks were underestimating theirs.
Paul Tucker, the Bank of England deputy governor who discussed the issue in a 2008 telephone call with Mr Diamond, and a string of former Labour ministers now face tough questions over what they knew and when.

Mr Diamond, who resigned as Barclays chief executive yesterday following days of pressure, will give further evidence to Parliament today.







(The exact words he uses this afternoon should be very interesting!)

[pie'n'eal]

Wasn't it Gordon Brown that de-regulated the banks?


Brown admitted he should have regulated British banks more than he did. Photograph: Stefan Rousseau/PA
Gordon Brown has admitted mistakes in regulating the banks, accusing the City of lobbying against greater scrutiny before the financial crisis plunged Britain into recession.

Brown had previously blamed the scale of the recession mainly on the international financial crisis and the refusal of other countries to agree to tighter international surveillance of the banks.

In an ITV interview due to be broadcast tonight, Brown admits he had been influenced by bankers' lobbying.

"In the 1990s, the banks, they all came to us and said, 'Look, we don't want to be regulated, we want to be free of regulation.' ... And all the complaints I was getting from people was, 'Look you're regulating them too much.'

"The truth is that globally and nationally we should have been regulating them more. So I've learnt from that."




(He's learnt from that?!!! Where does that leave the rest of us, now you are out of power? The banks run the show!)

[Maia Gabrial]

What I'd like to know is WHY Lame Stream reports what this guy claims? What could the REAL reason be? Is this another set up?

[turiya]

Max Keiser Speaks his Mind... regarding Libor rate fixing in London

Click the Link it will take you to the 4 minute Mark (or view entire video below):
http://www.youtube.com/watch?v=zbQq33iTsrw#t=256s

Inside Story - Rigged bank rates: Is there more to come?

Source: http://www.youtube.com/watch?v=zbQq33iTsrw

Keiser Report: Big guy 'scandals' vs small fry 'crimes'

Source: http://www.youtube.com/watch?v=8pywh-RkdK8

-*-

[turiya]

In this episode, Max Keiser and co-host, Stacy Herbert, discuss 'big boys' and carding crimes, marmite pots and Olympic has-beens, wash trades and perfect games. In the second half of the show Max talks to former commodities analyst and blogger, Michael Krieger, about the meaning of the escalating and blatant financial crime wave.

Just As predicted... LIBOR is back in the News
"CFTC Orders Barclays to Pay $200 Million Penalty for Attempted Manipulation of False Reports Concerning LIBOR & Euribor Benchmark Interest Rates"

Keiser Report: Barclays' Bad Bet

Source: http://www.youtube.com/watch?v=mDbbrjxbJXc

-*-

[pie'n'eal]

I'm watching him now. He's deflecting, deflecting deflecting!

[turiya]

Posted by pie'n'eal (here)
I'm watching him now. He's deflecting, deflecting deflecting!

I would call it 'dissecting'.

If you are a part of the 'Criminal-Cabal System', you won't go to jail!

-*-

[turiya]

The Bank of England Made Me Do It by Tyler Durden July 3, 2012


Wonder who was pushing Barclays to manipulate its rate? Why none other than the English Fed. From BBG:

BARCLAYS SAYS BANK OF ENGLAND CALLED ON OCT. 29, 2008 ON LIBOR
BARCLAYS SAYS DIAMOND MADE NOTE OF CALL
BARCLAYS SAYS DIAMOND RECEIVED CALL FROM PAUL TUCKER
BARCLAYS SAYS TUCKER SAID `CERTAIN' BARCLAYS DIDN'T NEED ADVICE
BARCLAYS SAYS TUCKER SAID DIDN'T ALWAYS NEED TO BE SO HIGH (Supposedly LIBOR)
BARCLAYS PROVIDES COPY OF DIAMOND'S CALL NOTE
BARCLAYS SAYS DIAMOND DIDN'T BELIEVE HE HAD GOT INSTRUCTION
BARCLAYS SAYS DEL MISSIER CONCLUDED INSTRUCTION HAD BEEN GIVEN
BARCLAYS SAYS DEL MISSIER TOLD RATE SETTERS TO LOWER RATES

In other words, a central banks was directly and indirectly involved in manipulating interest rates. Say it isn't so. Fast forward two months when the BOE's Tucker testifies that the Chairsatan made him do it.

And below is the "note"


URL: http://www.zerohedge.com/news/bank-e...-made-me-do-it
-------------------------------------------------------------------------------------------------------------------------

The Fed and LIBOR – The Biggest Manipulator of them All
Via Peter Tchir of TF Market Advisors July 4, 2012

The Fed does everything it can to keep Libor low
This chart says it all:


The Fed cannot affect LIBOR directly, but in general LIBOR trades in line with Fed Funds. You can see that historically as Fed Funds was changed, LIBOR responded appropriately. There was typically some small premium to reflect the “credit risk” of banks versus the Fed, but it was relatively small, and fairly stable. 3 Month LIBOR would deviate a bit as rate cuts and hikes were anticipated in the market, but in general, it was a fairly stable game.

That all started to break down in 2007. We saw the first real signs of LIBOR deviating from its normal spread to Fed Funds in the summer of 2007. The Fed responded by cutting the “penalty” rate for using the discount window, and in fact encouraged banks to use the discount window (I still can’t shake the mental image of someone sitting in a dark basement with a green eye-shade doling out money to banks that request it). Then the crisis got worse. Bear needed to be rescued. Facilities such as the Term Auction Facility that had been put in earlier were increased in size. The Fed backstopped some portfolios that JPM acquired as part of the Bear Stearns deal.

As the crisis re-ignited in the late summer of 2008 and peaked after Lehman and AIG, the Fed took step after step to reduce borrowing costs. The Fed was blatantly clear that it wanted borrowing costs to go down. They had the obvious tool of reducing Fed Funds to virtually zero, but when LIBOR didn’t follow, the Fed took further action. The Fed did not want bank borrowing costs to be high.

They increased dollar swap lines so foreign banks could borrow. The Fed stepped into the commercial paper market so banks wouldn’t have to use money to meet drawdowns on revolvers. TALF was another creation to take pressure of bank lending.

The FDIC allowed banks to issue bonds with FDIC backing (so not quite Fed program, but who is going to quibble).

Fears that MS and GS and GE would topple the banks were alleviated by making them banks.

The list goes on. The Fed has done a lot and trying to control LIBOR as a key borrowing rate is one of the things they have worked on, both directly and indirectly.
URL: http://www.tfmarketadvisors.com/

[turiya]

Gerald Celente - Greg Hunter, USA Watchdog - July 4, 2012
Gerald Celente gets into the Libor thing at 15:00 mark, as it fits into the larger picture...
The creation of one central bank - the merger of State & Corporate powers - A banking take-over.

Source: http://www.youtube.com/watch?v=qkvPkiHfKuU

[turiya]

Source: http://www.youtube.com/watch?v=0oV2mI0IYp8

[pie'n'eal]

Think big and get away with it!!

Source: http://www.youtube.com/watch?v=yZjPCJfvV0M