American • Libor = Lie-More

Libor = Lie-More

http://usawatchdog.com/one-on-one-with- … roberts-2/

One-on-One with Paul Craig Roberts #2

18 July 2012 73 Comments

By Greg Hunter’s USAWatchdog.com

Former Assistant Treasury Secretary Paul Craig Roberts says, “The last thing the banks want is a rise in interest rates that would drive down the values of their holdings and reveal large losses masked by rigged interest rates.” The Libor rate rigging scandal was all about keeping the financial system and the big banks from failing. Forget prosecuting the perpetrators because Roberts says, “The minute those interest rates go up, the loss to people will just dwarf the interest rate loss.” Fraud is now part of the system that keeps it from crashing. Roberts has a PhD and was responsible for economic policy at the Treasury. He says, “We are probably headed for a crash anyway because I don’t think they can maintain this forever.” Join Greg Hunter as he goes One-on-One with Paul Craig Roberts
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http://usawatchdog.com/one-on-one-with- … roberts-2/

Statistics: Posted by DIGGER DAN — Sun Jul 22, 2012 4:42 am