Bloomberg
By Liam Vaughan - Aug 21, 2012
Martin Wheatley, managing director of the Financial Services Authority. (Simon Dawson/Bloomberg)
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.
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Comments
Scum of the Earth Bankers - A Warning!
Hey you lying, cheating, manipulating pieces of archaic trash, can you feel our hot breath on your necks right now? We're coming for you, charlatans, cheaters, manipulators, abusers, crooks and banksters. Oh yes we are. There are millions of us now and we're sick of your perverse ways. We will stop you. We will shut you down. We will put you out of business.
Here's how my friends. Remove all your money from the banks and join a Credit Union, one with good credentials of course. Most of them are legit and are depositor owned and operated. Become a member and owner, then you actually do have a say.
Say goodbye to the banks forever. We did it. Our friends are doing it. And you can do it. Just move your money elsewhere, away from these liars, cheaters and abusers. One small step for us depositors, one Large Leap for Mankind's recovery from the clutches of these mindless, cold-blooded bureacrats, who like sharks, have to keep swimming lest they drown.
Let's remove all our money now. Let's call it "Draining the Pool" What are they gonna swim in when the pool is empty?
C'mon now, this is easy!