http://blogs.reuters.com/financial-regulatory-forum/2012/07/10/barclays-scandal-highlights-value-of-monitoring-and-testing-governance-experts/ Fri, 19 Apr 2013 00:29:31 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/financial-regulatory-forum/2012/07/10/barclays-scandal-highlights-value-of-monitoring-and-testing-governance-experts/comment-page-1/#comment-13284 jgaltshrugged Wed, 11 Jul 2012 19:43:51 +0000 http://blogs.reuters.com/financial-regulatory-forum/?p=9338#comment-13284 Manipulating the LIBOR? Many mortgages use the LIBOR to set their rates and to set how much adjustable rates can increase - this effects the common man of which I am one! I remember when I bought my first hour I asked the back issuing my mortgage why they used the LIBOR. The response was "Because this is an inviolate rate and the best indication of market rates and a true competitive picture for banks to use as a benchmark.". ALL responsible parties should go to jail. They should lose their fortunes and the miney should go to ALL injured parties to the full extent they were shortchanged. This is criminal grand theft larceny plain and simple. Manipulating the LIBOR? Many mortgages use the LIBOR to set their rates and to set how much adjustable rates can increase – this effects the common man of which I am one! I remember when I bought my first hour I asked the back issuing my mortgage why they used the LIBOR. The response was “Because this is an inviolate rate and the best indication of market rates and a true competitive picture for banks to use as a benchmark.”.
ALL responsible parties should go to jail. They should lose their fortunes and the miney should go to ALL injured parties to the full extent they were shortchanged. This is criminal grand theft larceny plain and simple.

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