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July 19, 2012

Libor Rate Rigging Shows Biggest Banks Are Criminal Enterprises

Call the “Libor scandal” by the right name:  massive criminal conduct. If any other business or group of businesses did what is reflected in the Barclays emails and voicemails, Federal prosecutors would already be indicting them under a bunch of criminal laws including RICO because there is a pervasive pattern of criminal racketeering activity. 

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