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Why is Nobody Freaking Out About the LIBOR Banking Scandal?


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You couldn't be more wrong. The ignorance of the general public to things like this why things like this happen repeatedly. LIBOR has an effect on every interest rate. Do you have a credit card, a savings account, a car loan, a mortgage?

You were harmed and you don't care. You're the perfect victim.

On a separate note it was comforting to see members of British parliament actually know a bit of what they were talking about when questioning the Barclays CEO. Unlike those idiots in the US Congress when they made fools of themselves questioning JP Morgan CEO Jamie Dimon. How do people who couldn't balance a budget if their lives depended on it get off questioning a private company for a loss which to them amounts to peanuts?

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It doesn't matter anymore, either way they will get our money, it will all funnel down into the 1%. These corporations are just too powerful. Rally enough and you can change the system, but you can't change greed, so they will always find a way.

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