The Securities and Exchange Commission (SEC) in the US and the Financial Services Authority (FSA) in the UK have fined Barclays Bank a combined $450million for manipulating the LIBOR rate over a period of years.
http://www.ft.com/cms/s/0/2a4479f8-c030-11e1-9867-00144feabdc0.html
Why isn’t a criminal investigation underway?
1. London InterBank Offered Rate (LIBOR) is used to reference $360trillion[...]
Archive for ‘Economics’
By July 6, 2012 Category: Blog, Economics No Comments 
Commenting today on the postponement of the fuel tax hike that will now apparently be delayed until January, Tom Moriarty of Occupy London’s Economic Working Group said:
“It is further confirmation of the Chancellor’s misguided approach to tackling the current economic crisis and a tacit admission that austerity is not working. It is clear[...]
By June 27, 2012 Tags: Chancellor, Economics, EWG, fuel tax hike, Tom Moriarty
Category: Blog, Economics, Statement, Working Groups No Comments
A day of discussions of what an economically just future could look like. This is a chance to explore the world we want to live in, not just what we think we can change. The day will be divided into three themed sessions with panels of speakers presenting their ideas in 10-15 minute[...]
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By January 13, 2012 Tags: Ben Dyson, Beyond Capitalism?, Cliff Mills, Cobden Partners, Commons, Cooperative Economics, Derek Wall, Fred Harrison, Global Justice Movement, gordon Kerr, Government, Green Party, Land, Land Research Trust, Money, Mutuo, Peter Challen, Positive Money, Richard Murphy, Robin Smith, Society, Systemic Fiscal Return, Tax, Tax Justice Network
Category: Economics, News, Press releases, Upcoming Action, Working Groups 5 Comments
