Rounding Up The Banksters – The LIBOR Rate Scammed Homeowners Too!
Quoting from a Bix Weir email “Alert” – THERE WAS A GRAND CONSPIRACY AMONGST THE LARGEST BANKS IN THE WORLD!
Larry Doyle’s Sense on Cents has been following the LIBOR scandal in great detail Barclays Libor Scandal: Wake Up, America!! It’s not just Barclays anymore.
And how does this LIBOR scam affect the American homeowners and foreclosures? Prominent Hawaii foreclosure defense attorney Gary Dubin said this, “raises questions about whether Libor Rates charged to many borrowers were all contrived.”
This isn’t just a European story – all the major banks in the world are inter-connected.
At the very least LIBOR rates, as fictitious as they were, became an inducement to American homeowners to refinance and/or buy a home. Incredibly low rates sucked over 84 million homeowners into new mortgages – some with 2nd mortgages too, on false pretenses. The fraudulent Libor rates plus the promise that the homeowner could refinance was the spiel the banksters used on unsuspecting victims. It was a finely tuned, media driven sales campaign. Because these were “bankers” who were supposedly upstanding community members – no one doubted for a minute that this wasn’t legitimate. Certainly, no one ever dreamed it was clearly a fraud and connected to money laundering and drug cartels.