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July 16th, 2012 
FAKE NEWS for the Zionist agenda Barclays, Britain’s second-biggest bank, has been providing sponsorship funds for London’s cycle hire scheme. However, the latest interest rate fixing scandal has raised the ire of Occupy activists in London who have tried to “alert busy Londoners to the issue” by placing stickers on panels of bikes that are sponsored by Barclays.
“We’ve been taken for a ride by Barclays and the Financial Times is reporting that more banks will be implicated. The apparently mild response by Occupy London – stickering bikes – should not be understood to underestimate the gravity of the revelations about LIBOR”, said Occupy supporter Liz Beech.
The London Interbank Offered Rate (LIBOR) is a measure of how much banks charge each other for loans. LIBOR is set through regular submissions to the British Bankers’ Association and forms the basis of lending rates throughout the world.
“Occupiers are recognising that the corruption is beyond even our imaginings and that all financial services worldwide should be scrutinised and that all wrongdoing must be prosecuted with vigour”, Beech added.
After it emerged that Barclays had manipulated LIBOR, the London-based lender was fined £290 million. Occupy activists have described the scandal as “possibly the biggest fraud in history”.
The world’s biggest international banks agreed to LIBOR’s average interest, even though it is set in London. LIBOR shows the short and long term interest rates for 10 different currencies.
BGH/ISH/HE
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