Title: BREAKING NEWS: CT School Shooter Killer Link To LIBOR SCANDAL Source:
[None] URL Source:[None] Published:Dec 16, 2012 Author:Atavist Post Date:2012-12-16 01:40:14 by Itistoolate Keywords:None Views:9109 Comments:75
The father of Newtown Connecticut school shooter Adam Lanza is Peter Lanza who is a VP and Tax Director at GE Financial. The father of Aurora Colorado movie theater shooter James Holmes is Robert Holmes, the lead scientist for the credit score company FICO. Both men were to testify before the US Sentate in the ongoing LIBOR scandal. The London Interbank Offered Rate, known as Libor, is the average interest rate at which banks can borrow from each other. 16 international banks have been implicated in this ongoing scandal, accused of rigging contracts worth trillions of dollars. HSBC has already been fined $1.9 billion and three of their low level traders arrested.
BREAKING NEWS: CT School Shooter Killer Link To LIBOR SCANDAL
What about the LIBOR connection? Seitz-Wald quotes Ben Swann, who admitted there was no evidence to support it. But there is also no evidence to refute it. A lack of evidence either way does not mean the point has been debunked. It means the question is still open.
[Update, January 28. The LIBOR connection has now been found for Peter Lanza. In a Reuters article from October, 2012, by Basil Katz, it is admitted that three men from GE Capital based in Fairfield, Connecticut, were convicted of conspiracy to commit wire fraud in order to defraud the US Government. Since this concerns bid rigging for municipal bonds, its link to LIBOR is not obvious at a glance. LIBOR is more commonly thought to concern rigging of interbank rates. But the link certainly exists, since UBS AG [Union Bank Switzerland] and JPMorgan Chase executives have also been convicted in the same scheme as GE. Both banks are major players in the LIBOR scandal, and are under ongoing investigation by Congress and the Justice Department.
Furthermore, these banks and others are being sued in the US for corollary fraud involving mortgage rate manipulation, and, yes, muni bond fraud. At Wikipedia, it is admitted that LIBOR manipulation may have cost municipalities ten billion in losses from interest rate swaps. These interest rate swaps are directly linked to the LIBOR rate rigging. Also notice that the executives at GE were convicted of wire fraud. That pulls back in James Holmes' father, from the Batman tragedy. Holmes' father is a top national expert in wire fraud. But it gets even bigger.
In October—the same time as the article by Basil Katz—it was reported that both the House and Senate are investigating Treasury Secretary Timothy Geithner's and Federal Reserve Chairman Ben Bernanke's links to LIBOR. So we see that in the two months leading up to Sandy Hook, the entire banking system of the US found itself in a scandal bigger than any since...well, ever. The news of this scandal still hasn't broken in the mainstream, and we may imagine that one of the uses of Sandy Hook was to keep the banking scandal out of the papers. This means we have caught Seitz-Wald in yet another lie. The LIBOR connection has not been debunked,