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Those most responsible for the LIBOR scandal remain hidden

Aug 21, 2012


Secret Libor Committee Clings to Anonymity After Rigging Scandal

Every two months, representatives from the world’s largest banks meet at an undisclosed location to review the London interbank offered rate.

Who sits on the British Bankers’ Association’s Foreign Exchange and Money Markets Committee, the body that governs the benchmark for more than $300 trillion of securities worldwide, is a secret. No minutes are published. The BBA won’t identify any members, saying it wants to protect them from being lobbied, and declined to make the chairman available for interview.

These are the ones who ought to be prosecuted for trillions of dollars in theft worldwide. All of their assets should be confiscated as restitution on the debt, along with all of their fellow riggers.

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Category: News Commentary

Dr. Stephen Jones

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