I had to drop off my car this morning to get inspected (naturally, I can’t find the insurance card). The owner’s son drove me home and he started talking about the Occupy people who’d marched past their shop this week.
He said they were planning to sue JPMorgan and “the rest of those banks,” and he was pretty happy about it. “I could copy what they gave to me if you’re interested,” he said. “I hope they can get something done.”
Bob Diamnod the ex-CEO of Barclays is a very, very close friend of Mr. 1%. The now disgraced Mr. Diamond was caught red-handed manipulating the LIBOR rate to increase Barclays profits and/or stem their losses. LIBOR is the London Interbank Offered Rate which dictates daily, weekly, monthly, and yearly interest rates. Our own Federal Reserve Bank uses LIBOR to set the interest rates on loans here in America. LIBOR was invented by the British Bankers Association (BBA) and is used to reflect the cost of borrowing for mortgage trading around the world. You don’t suppose that Romney’s good friend Diamond gave Mr. 1% a heads up now and again which is why Romney needs that Swiss bank account do you?