Thursday, 28 June 2012

OMG the banks have done it again!

Barclays bank has been fined £290 million by the FAS for fixing the Libor rate, and this apparently has affected everyone with loans, savings & mortgages.

This has come about after an investigation that started in 2005. How long does it take to find out that someone is using dodgy practices? More importantly how can it be fixed? Can it be stopped? Should there be prosecutions? Is Barclays the only one?

Perhaps that last question is the most important.

We are living in a corrupt third world country called England, it is sad.

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