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LANZA DAD - Not A Hoax About Libor, but A Cover-Up Spin!
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An attempt has been made to call the Peter Lanza connection to Libor a hoax, to discredit the financial scandals underpinning both Aurora and Sandy Hook.
This is pure spin, to cover-up the truth. Whether these men testify or not, I think, is a red herring. The fact is they are deeply implicated in serious wrongdoing.
Being a head GE financial figure, VP and Tax Director of GE Financial...you can bet Peter Lanza is right in the thick of the following.
Juicy GE stuff starts in the 5th paragraph...
Read this:
[link to endfed.org]
The U.S. Department of Justice alleges that collusion between traders across a range of banks, including Barclays, took place from at least August 2005 through to at least May 2008.
Libor is just one of many anti-trust cases leveled against rampant banksterism. Another involves an investigation by U.S. energy regulators into power market bidding manipulation by JP Morgan Chase & Co., Barclays Bank PLC and Deutsche Bank AG, plus intermediaries.
These banks were playing around with power market trading – buying and selling electricity – for themselves or clients. Washington’s Federal Energy Regulatory Commission alleges trading activities hiked electricity prices and resulted in higher power bills to homeowners and consumers across the U.S.
A third case grinds away in courts, without much fanfare, but involves some of the same banks. This concerns allegations about manipulation of municipal bond rates that cost local and state governments millions over a number of years.
So far, the Bank of America Corp., JPMorgan Chase & Co., UBS AG, Wells Fargo & Co. and GE’s former trading unit called GE Funding have paid $743 million to settle a criminal probe and civil claims for conspiring to rig bids on U.S. municipal-bond deals. Some money has been returned to victims.
The case involving GE went to court and revealed how the scams were done. The Securities and Exchange Commission said GE Funding made millions by rigging 328 transactions in 44 states. GE operatives would get information about competing bids then adjust theirs accordingly. Sometimes they would take turns, with other intermediaries, putting in bids that were guaranteed to lose. Three individuals have been convicted of anti-trust violations.
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