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Barclays, which signed a non-prosecution
agreement with US prosecutors, is the first major
bank to reach a settlement in the Libor investigation.
Photograph: Simon Newman/Reuters
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Thanks to the2012scenario.com
Spin doctors (PR people) are in place at every bank and within the cabal, working hard to minimise the ‘damage’. In PR terms, we call this – somewhat surprisingly in light of its new meaning; but maybe not coincidentally, in hindsight - ‘containing’ the story.
As well, the other thing that is happening with such stories is that the banking cabal is also using actual story ‘containment’. This means even really, really earth-breaking news is almost being ‘isolated’, to a degree, within the country of origin. And this is possible with the help of its own apparatchiks in mainstream media. So, for example, here in Australia, there have been no big headlines regarding Libor or the HSBC money laundering fiasco. Stories yes; headlines no.
This is about to seriously change. The world is about to know all that has been going on. And arrests are now happening. Watch the dominoes fall.
Libor Arrests in US Could be Imminent, Say Sources
Sources familiar with investigation say American prosecutors close to arresting individuals over Libor scandal
By Reuters reporters, The Guardian – July 22, 2012
http://www.guardian.co.uk/business/2012/jul/22/libor-arrests-us-sources?newsfeed=true
American prosecutors and European regulators are close to arresting individual traders over the Libor scandal and charging them with colluding to manipulate global benchmark interest rates, according to sources familiar with the investigation.
Federal prosecutors in Washington DC have recently contacted lawyers representing some of the individuals under suspicion to notify them that criminal charges and arrests could be imminent, said two sources speaking anonymously.
