Occupy Sydney Headline Animator

Saturday, 9 November 2013

LIBOR: Barclays & Deutsche Bank fail on interest rate rigging

Barclays and Deutsche Banks have failed to remove allegations of interest rate rigging.  This test case result could prompt more companies to bring action against banks, citing manipulation of Libor.

  Occupy Sydney have consistently opposed the dynamic of Bankster privelege and the concept of "Too big to fail, too big to jail". The Boards and Investors who stand to profit from such unconscienceable immoral and illegal conduct should be held accountable and responsible. There should be no consideration by governments to use taxpayers funds to Socialise losses incurred by either banks or their investors...

Occupy Sydney advocate a move away from centralised banking via a long community based discussion on the way to identifying a model which the people universally consent to


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