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NY Stock Exchange Sold To Derivatives Company

The New York Stock Exchange called time on two centuries of independence on Thursday, agreeing to an $8.2bn takeover that will hand control of the icon of American capitalism to an Atlanta-based energy trader. The stock exchange's holding company, NYSE Euronext, has agreed to an offer of $33.12 a share in cash and stock from IntercontinentalExchange (ICE). ICE was founded in 2000, NYSE in 1817. The combined ...

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Kucinich Explains “LIBOR”

"Late last month, Barclay's Bank, a multinational bank and financial institution based in the United Kingdom, admitted to regulators that it tried to manipulate something called "Libor" before and during the financial crisis in 2008. "Libor" is an acronym for London Interbank Offered Rate. It is a rate used as a benchmark for the cost of lending throughout the financial system, and it is also used as a refe ...

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UBS Libor-Rigging – How Brokers And Traders Colluded

  Emails, telephone calls and electronic chats were a crucial part of the damning evidence amassed in the UBS Libor-fixing investigation. As the Swiss bank paid £940m on Wednesday to settle the claims, they reveal the extent to which brokers and traders colluded in rigging the rate. One exchange shows how UBS traders asked brokers to be a"superman" in helping to fix Libor, while another manager at the ...

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The Long History of HSBC Money Laundering

  If there was any lingering doubt about the supremacy of the internationalist banker over the canons of law, the latest HSBC exemption from criminal charges proves that the real masters of the planet are the criminal banksters. If this settlement was an abnormality and not the rule, one might argue the expediency for pragmatism, while deployable, is necessary. Unfortunately, for the financial elites, ...

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INFOGRAPHIC: Uncovering The Federal Reserve

Source: Best Accounting Schools Uncovering The Fed: The Federal Reserve and its Critics In the early 20th century, a financial crisis led panicked citizens to withdraw all their money at once, damaging banks. By 1913, Congress responded with the Federal Reserve Act, creating 12 regional banks acting as a federal bank to deal in local and global affairs with both private banks and the federal government. Is ...

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BANKING CARTEL: Long History of HSBC Money Laundering

If there was any lingering doubt about the supremacy of the internationalist banker over the canons of law, the latest HSBC exemption from criminal charges proves that the real masters of the planet are the criminal banksters. If this settlement was an abnormality and not the rule, one might argue the expediency for pragmatism, while deployable, is necessary. Unfortunately, for the financial elites, the fac ...

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NEO-CON SELLOUT Norquist Signs Off on Boehner’s ‘Plan B’ Tax Increase

Grover Norquist’s Americans for Tax Reform is giving House Republican’s a pass on Speaker John Boehner’s “Plan B” to let tax rates go up on incomes above $1 million. In a blog post on ATR’s website, the group states that a vote for Plan B, which could come up as early as Thursday, will not be a violation of the pledge. “This legislation — popularly known as “Plan B”— permanently prevents a tax increase on f ...

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Central Banks Risk Bond Market Crash

  The joke is that the maximum volume is usually 10, but this one goes a stage higher. “Turning it up to 11” has since become a way of talking about extremes, or reaching beyond what is normally possible. I recite the origins of the term because, unlikely though it might seem, it recently cropped up in conversation with a senior Bank of England policymaker. In his view, monetary policy, not just in Bri ...

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SILVER ALERT: Geithner Panics and Shuts Down Silver Eagle Supply

So word is flying around about how the US Mint has stopped shipping Silver Eagles. Here's the story: US Mint Sold Out of Silver Eagles http://news.coinupdate.com/us-mint-sold-out-of-silver-eagle-bullion-coins-1766/ "Authorized purchasers will be faced with a three week period during which there will be no American Silver Eagle bullion coins available to order from the United States Mint." "The Mint recently ...

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RAGING BOEHNER: DEBT PER HOUSEHOLD UP $18,944 UNDER HIS “LEADERSHIP” – WHY REPUBLICANS ARE NOT THE ANSWER

This 112th House of Representatives, under the "leadership" of Republican Speaker of the House John Boehner, has already signed your household onto $18,944 ($2,176,949,774,695 in total) of debt to the banking cartel. Boehner became the Speaker of the House on January 5th 2011 when the 112th House came into power.  That was only 20 months ago and now there are reports the the Speaker has told president Obama ...

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The Fiscal Cliff Is A Diversion: THE DERIVATIVES TSUNAMI AND THE DOLLAR BUBBLE

The “fiscal cliff” is another hoax designed to shift the attention of policymakers, the media, and the attentive public, if any, from huge problems to small ones. The fiscal cliff is automatic spending cuts and tax increases in order to reduce the deficit by an insignificant amount over ten years if Congress takes no action itself to cut spending and to raise taxes. In other words, the “fiscal cliff” is goi ...

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LIBOR SCANDAL EXPLAINED: AN INFOGRAPHIC

The LIBOR scandal is being called the "Wall Street scandal of all scandals" and the "rotten heart of finance," but the massive fraud can be hard to fathom for anyone who doesn't follow the markets. The London Interbank Offered Rate (LIBOR) is a benchmark interest rate used broadly all over the world and affects trillions of dollars of loans – mortgage loans, small-business loans, personal loans – worldwide. ...

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