Okay, so the Associated Press (AP) just reported that "Barclays and its subsidiaries have agreed to pay more than $450 million to settle charges that it tried to manipulate key global interest rates."
That might seem like a lot of money, but remember that this is basically the shareholders of the bank footing the bill for criminal actions of the bank officers. According to the AP:
- The rates affect the costs of hundreds of trillions of dollars in loans and investments such as bonds, auto loans and derivatives.
- The U.S. Commodity Futures Trading Commission said Wednesday that the incidents occurred between 2005 and 2009 and sometimes took place daily.
- The CFTC said Barclays senior management and multiple traders were involved and that they coordinated with traders at other banks to make false submissions.
In the first investigation of its kind, a team of nine senior legal figures examined how Palestinians as young as 12 were treated when arrested. Their shocking report Children in Military Custody details claims that youngsters are dragged from their beds in the middle of the night, have their wrists bound behind their backs, and are blindfolded and made to kneel or lie face down in military vehicles.
Los Angeles officials have voted unanimously to approve stricter enforcement of the federal Clean Air Act, including a provision that requires coal-fired plants to reduce mercury and other toxic air pollution.
In the annals of impossible assignments, Dave Voth's ranked high. In 2009 the federal Bureau of Alcohol, Tobacco, Firearms and Explosives promoted Voth to lead Phoenix Group VII, one of seven new ATF groups along the Southwest border tasked with stopping guns from being trafficked into Mexico's vicious drug war.
Methane seeping up underground pathways caused concentrated plumes of gas in the air in Bradford County where the state and a natural gas drilling company are investigating the cause of stray methane bubbling in streams and water wells, according to a study released Tuesday by the Clean Air Council.
Barclays and its subsidiaries will pay more than $450 million to settle charges that they tried to manipulate interest rates that can affect how much people pay for loans to attend college or buy a house.
vaccinevialsbluebackground 235x147 Your Rights: Saying No to VaccinesIf you aren’t aware that vaccines are a controversial matter, you haven’t been paying attention. The government and big pharma would have you believe your life is at risk if you don’t vaccinate. But, growing research suggests vaccines aren’t effective in the prevention of disease and that they may actually cause more harm than good.
Israeli military police have arrested 15 people, most of them soldiers, accused of helping smuggle drugs from Egypt’s Sinai peninsula across the southern Israeli border, the army said on Monday.
