| From AbundantHope.net Political Information 20 more banks were rigging interest rates: British bankers now facing criminal inquiry over scandal that was kept secret for years By James Chapman, Becky Barrow, Ruth Sunderland and Rob Davies Jun 29, 2012 - 4:55:13 PM 20 more banks were rigging interest rates: British bankers now facing criminal inquiry over scandal that was kept secret for years
| Hundreds of bankers across three continents are embroiled in the interest-rate fixing scandal that has left Barclays chief executive Bob Diamond fighting to save his job. As pressure intensified on Britain’s highest paid banking boss to quit, MPs heard a string of other financial institutions across the world were under investigation. At least 20 banks are believed to be under suspicion, with growing demands for a criminal investigation.  Barclays Bank Tower at Churchill Place, Docklands: The bank has been fined £290million over attempts to rig money market interest rates. HSBC is one of the twenty other banks also under investigation, it emerged today Barclays’ shares crashed by 15.5 per cent in a day as the implications sank in, wiping £3.7billion from its value, with other banks also hit. Barclays has been fined £290million after devastating emails revealed that its traders manipulated the London Interbank Rate (Libor) – the rate at which banks lend money to each other. Chancellor George Osborne told the Commons the exchanges ‘read like an epitaph to an age of irresponsibility’. More...
On the blackest day for Britain’s finance industry since the 2008 economic crisis:
 'Epitaph to an age of irresponsibility': George Osborne today briefed MPs in the Commons about the unfolding bank trading scandal David Cameron, who is at an EU summit in Brussels, described the situation as an ‘extremely serious scandal’. Mr Diamond, who was in charge of Barclays Capital at the time traders are now known to have been rigging the market, has offered to forgo his short-term bonus for this year. But he is still entitled to millions of pounds in salary and long-term share incentives. Asked how much wider the rate-fixing scandal might go, the Chancellor told MPs: ‘HSBC and RBS are two of the banks under investigation, but international banks such as UBS and Citigroup are under investigation too, partly for activities conducted in this country.’ Mr Osborne said the total impact on the economy and on individuals was ‘extremely difficult to work out, because the Libor rate was manipulated up as well as down’. ‘Sometimes the rate was too low for the true market price, and sometimes it was too high,’ he said. ‘The Financial Services Authority has made it clear, however, that that contributed to a risk to the country’s financial stability, and the cost of that is enormous.’ Tracey McDermott, director of enforcement at the FSA, said: ‘The initial indications are that Barclays was not the only firm that was involved in this.’ As well as RBS and HSBC, others under scrutiny include Lloyds, JPMorgan Chase, Germany’s Deutsche Bank and Bank of Tokyo Mitsubishi. A number of employees have already been fired, suspended or put on gardening leave at various banks including state-backed RBS, which has sacked and suspended ‘several’ staff, though the bank declined to comment. SACKED RBS TRADER ACCUSES BANK CHIEFS OF COLLUDING WITH STAFF TO RIG INTEREST RATES The alleged behaviour at RBS started when Fred Goodwin was chief executive Royal Bank of Scotland managers are accused of colluding to rig the financial markets in court papers filed by a former employee. Tan Chi Min, a former head of delta trading for RBS’s global banking and markets division in Singapore, alleges that managers condoned collusion between its staff to set the Libor rate artificially high or low to maximise profits. He names five staff members he claims made requests for the Libor rate to be altered and three senior managers who he said knew what was going on. He also says the practice ‘was known to other members of [RBS]’s senior management’. Mr Tan, who was eventually sacked for gross misconduct, worked for RBS from August 2006 to November 2011 and it is believed the alleged behaviour started when Fred Goodwin, pictured, was chief executive. He claims that he was made a ‘scapegoat’ for malpractice condoned by managers and is suing for wrongful dismissal. In the court papers filed in New York as part of a class action, Mr Lin also implicates hedge fund bosses who have given thousands of pounds to the Conservative Party. It is claimed that hedge fund Brevan Howard asked RBS to fix financial data by making false submissions. The fund donated £10,000 to the Tories and spent £3,542 on flights for George Osborne to attend a conference in 2008. RBS said it was confident of mounting a successful defence against Mr Tan’s claims. Last night there were reports the bank is to be fined £150million for similar offences to those committed by Barclays. Lloyds said it had suspended two traders. ICAP, the leading City broking firm headed by Tory donor Michael Spencer, has also been dragged into the scandal. It has suspended one employee and placed two on ‘administrative leave’. A senior manager at U.S. giant Citigroup’s Japanese operation left the firm late last year after his division was temporarily banned from trading linked to Libor and its Tokyo equivalent, Tibor, by the authorities. Giant Swiss bank UBS said it had approached regulators with information over abuses of the rate-setting system. The Libor rate is crucial, since it is a key benchmark for trillions of pounds’ worth of financial products. The £290million fine on Barclays from the UK and U.S. authorities, issued on Wednesday, is likely to be only the beginning of a wave of punishments and civil suits for damages against other banks caught up in the global web of deceit.   Royal Bank of Scotland and Lloyds are two other UK-based banks under scrutiny as part of the probe Experts said banks might have to set aside billions of pounds in damages to cover their liabilities resulting from the conspiracy. Former Liberal Democrat Treasury spokesman Lord Oakeshott said that once any criminal probe was underway, a public inquiry – like the one being conducted by Lord Leveson into media ethics – would have to be held. 'Clearly, the worms that are now crawling out from under the stones at the banking industry are even worse than any of us thought,’ he added. THE WORDS THAT WILL COME BACK TO HAUNT BANK CHIEF Speech: Bob Diamond alongside George Osborne at the Davos World Economic Forum On 3 November 2011, Bob Diamond, chief executive of Barclays, delivered the BBC Today programme’s inaugural business lecture. Today, his words have come back to haunt him. ‘Rebuilding trust requires banks to be better citizens. I believe in this passionately.’ Within a few months of making this statement, Barclays was found guilty of a tax avoidance plot to rob taxpayers of around £500million. Earlier in 2011, it had been found guilty of enticing elderly customers to gamble their life savings on the stock market. Around 12,000 customers lost half their savings. And this week it was found guilty of a ‘serious and widespread’ attempt to manipulate the Libor interest rates and ordered to pay a fine of £290million. ‘I know how angry customers are about issues such as payment protection insurance. That’s why we are working hard to clear claims as quickly as possible. We want to put things right.’ When a person takes out a credit card or personal loan, they buy the insurance to pay out if they lose their job, or have to stop working due to poor health. But banks, including Barclays, were selling the policies to people who did not need them. Barclays said the PPI scandal would cost them £1billion. Four months after making this speech, he admitted the bill had increased to £1.3billion. ‘But for me the evidence of culture is how people behave when no one is watching them. Our culture must be one where the interests of customers and clients are at the very heart of every decision we make, where we all act with trust and integrity.’ The Financial Services Authority this week found Barclays guilty of misconduct ‘extended over number of years’. The US Department of Justice said simply that the bank was guilty of ‘illegal conduct’ on its attempts to manipulate the Libor rate. The culture of Barclays allowed traders to manipulate Libor in a bid to make sure they scooped millions in bonuses, and to pretend the bank was in a healthier state than it was. RELATED ARTICLES: The Scam Wall Street Learned From the Mafia. See: http://abundanthope.net/pages/True_US_History_108/The-Scam-Wall-Street-Learned-From-the-Mafia.shtml Inside Job, Narrated by Matt Damon (Full Length HD). See: http://abundanthope.net/pages/True_US_History_108/Inside-Job-Narrated-by-Matt-Damon-Full-Length-HD.shtml Ed Miliband demands CRIMINAL probe into Barclays interest rate rigging scandal as £3.2bn is wiped off bank in share plunge. See: http://abundanthope.net/pages/Political_Information_43/Ed-Miliband-demands-CRIMINAL-probe-into-Barclays-interest-rate-rigging-scandal-as-3-2bn-is-wiped-off-bank-in-share-plunge.shtml Europe & America's central banks destroying the world now. See: http://abundanthope.net/pages/Political_Information_43/Europe-America-s-central-banks-destroying-the-world-now.shtml Bank for International Settlements on Big Banks. See: http://abundanthope.net/pages/Political_Information_43/Bank-for-International-Settlements-on-Big-Banks.shtml Juicy Financial News. See: http://abundanthope.net/pages/True_US_History_108/Juicy-Financial-News.shtml Constitutional Court Desecrates Our Rights And Undermines The Will Of The People. See: http://abundanthope.net/pages/Political_Information_43/Constitutional-Court-Desecrates-Our-Rights-And-Undermines-The-Will-Of-The-People.shtml © Copyright by AbundantHope.net all rights reserved |
Saturday, June 30, 2012
20 more banks were rigging interest rates: British bankers now facing criminal inquiry over scandal that was kept secret for years
Merck vaccine fraud exposed by two Merck virologists
From AbundantHope.net
Health and Nutrition
Merck vaccine fraud exposed by two Merck virologists
By Mike Adams,
Jun 28, 2012 - 4:33:25 AM
Merck vaccine fraud exposed by two Merck virologists
By Mike Adams,
Jun 28, 2012 - 4:33:25 AM
Merck vaccine fraud exposed by two Merck virologists; company faked mumps vaccine efficacy results for over a decade, says lawsuit
Thursday, June 28, 2012by Mike Adams, the Health Ranger
Editor of NaturalNews.com
(NaturalNews) Breaking news: According to two Merck scientists who filed a False Claims Act complaint in 2010 -- a complaint which has just now been unsealed -- vaccine manufacturer Merck knowingly falsified its mumps vaccine test data, spiked blood samples with animal antibodies, sold a vaccine that actually promoted mumps and measles outbreaks, and ripped off governments and consumers who bought the vaccine thinking it was "95% effective."
See that False Claims Act document at:
www.naturalnews.com/gallery/documents/Merck-False-Claims-Act.pdf
According to Stephen Krahling and Joan Wlochowski, both former Merck virologists, the Merck company engaged in all the following behavior:
• Merck knowingly falsified its mumps vaccine test results to fabricate a "95% efficacy rate."
• In order to do this, Merck spiked the blood test with animal antibodies in order to artificially inflate the appearance of immune system antibodies. As reported in CourthouseNews.com:
Merck also added animal antibodies to blood samples to achieve more favorable test results, though it knew that the human immune system would never produce such antibodies, and that the antibodies created a laboratory testing scenario that "did not in any way correspond to, correlate with, or represent real life ... virus neutralization in vaccinated people," according to the complaint. (http://www.courthousenews.com/2012/06/27/47851.htm)
• Merck then used the falsified trial results to swindle the U.S. government out of "hundreds of millions of dollars for a vaccine that does not provide adequate immunization."
• Merck's vaccine fraud has actually contributed to the continuation of mumps across America, causing more children to become infected with mumps. (Gee, really? This is what NaturalNews has been reporting for years... vaccines are actually formulated to keep the outbreaks going because it's great for repeat business!)
• Merck used its false claims of "95 percent effectiveness" to monopolize the vaccine market and eliminate possible competitors.
• The Merck vaccine fraud has been going on since the late 1990's, say the Merck virologists.
• Testing of Merck's vaccine was never done against "real-world" mumps viruses in the wild. Instead, test results were simply falsified to achieve the desired outcome.
• This entire fraud took place "with the knowledge, authority and approval of Merck's senior management."
• Merck scientists "witnessed firsthand the improper testing and data falsification in which Merck engaged to artificially inflate the vaccine's efficacy findings," according to court documents (see below).
See that False Claims Act document at:
www.naturalnews.com/gallery/documents/Merck-False-Claims-Act.pdf
According to Stephen Krahling and Joan Wlochowski, both former Merck virologists, the Merck company engaged in all the following behavior:
• Merck knowingly falsified its mumps vaccine test results to fabricate a "95% efficacy rate."
• In order to do this, Merck spiked the blood test with animal antibodies in order to artificially inflate the appearance of immune system antibodies. As reported in CourthouseNews.com:
Merck also added animal antibodies to blood samples to achieve more favorable test results, though it knew that the human immune system would never produce such antibodies, and that the antibodies created a laboratory testing scenario that "did not in any way correspond to, correlate with, or represent real life ... virus neutralization in vaccinated people," according to the complaint. (http://www.courthousenews.com/2012/06/27/47851.htm)
• Merck then used the falsified trial results to swindle the U.S. government out of "hundreds of millions of dollars for a vaccine that does not provide adequate immunization."
• Merck's vaccine fraud has actually contributed to the continuation of mumps across America, causing more children to become infected with mumps. (Gee, really? This is what NaturalNews has been reporting for years... vaccines are actually formulated to keep the outbreaks going because it's great for repeat business!)
• Merck used its false claims of "95 percent effectiveness" to monopolize the vaccine market and eliminate possible competitors.
• The Merck vaccine fraud has been going on since the late 1990's, say the Merck virologists.
• Testing of Merck's vaccine was never done against "real-world" mumps viruses in the wild. Instead, test results were simply falsified to achieve the desired outcome.
• This entire fraud took place "with the knowledge, authority and approval of Merck's senior management."
• Merck scientists "witnessed firsthand the improper testing and data falsification in which Merck engaged to artificially inflate the vaccine's efficacy findings," according to court documents (see below).
US government chose to ignore the 2010 False Claims Act!
Rather than taking action on this false claims act, the U.S. government simply ignored it, thereby protecting Merck's market monopoly instead of properly serving justice. This demonstrates the conspiracy of fraud between the U.S. government, FDA regulators and the vaccine industry.
Chatom Primary Care sues Merck for Sherman Act monopolization, breach of warranty, violation of consumer protection laws
Following the unsealing of this 2010 False Claims Act, Chatom Primary Care, based in Alabama, smelled something rotten. Three days ago, Chatom filed a lawsuit against Merck. That lawsuit record is available here:
www.naturalnews.com/gallery/documents/Chatom-Lawsuit-Merck-Mumps.pdf
It alleges, among other shocking things:
[Merck engaged in] ...a decade-long scheme to falsify and misrepresent the true efficacy of its vaccine.
Merck fraudulently represented and continues to falsely represent in its labeling and elsewhere that its Mumps Vaccine has an efficacy rate of 95 percent of higher.
In reality, Merck knows and has taken affirmative steps to conceal -- by using improper testing techniques and falsifying test data -- that its Mumps Vaccine is, and has been since at least 1999, far less than 95 percent effective.
Merck designed a testing methodology that evaluated its vaccine against a less virulent strain of the mumps virus. After the results failed to yield Merck's desired efficacy, Merck abandoned the methodology and concealed the study's findings.
...incorporating the use of animal antibodies to artificially inflate the results...
...destroying evidence of the falsified data and then lying to an FDA investigator...
...threatened a virologist in Merck's vaccine division with jail if he reported the fraud to the FDA...
...the ultimate victims here are the millions of children who every year are being injected with a mumps vaccine that is not providing them with an adequate level of protection. And while this is a disease that, according to the Centers for Disease Control ('CDC'), was supposed to be eradicated by now, the failure in Merck's vaccine has allowed this disease to linger, with significant outbreaks continuing to occur.
Chatom Primary Care also alleges that the fraudulent Merck vaccine contributed to the 2006 mumps outbreak in the Midwest, and a 2009 outbreak elsewhere. It says, "there has remained a significant risk of a resurgence of mumps outbreaks..."
www.naturalnews.com/gallery/documents/Chatom-Lawsuit-Merck-Mumps.pdf
It alleges, among other shocking things:
[Merck engaged in] ...a decade-long scheme to falsify and misrepresent the true efficacy of its vaccine.
Merck fraudulently represented and continues to falsely represent in its labeling and elsewhere that its Mumps Vaccine has an efficacy rate of 95 percent of higher.
In reality, Merck knows and has taken affirmative steps to conceal -- by using improper testing techniques and falsifying test data -- that its Mumps Vaccine is, and has been since at least 1999, far less than 95 percent effective.
Merck designed a testing methodology that evaluated its vaccine against a less virulent strain of the mumps virus. After the results failed to yield Merck's desired efficacy, Merck abandoned the methodology and concealed the study's findings.
...incorporating the use of animal antibodies to artificially inflate the results...
...destroying evidence of the falsified data and then lying to an FDA investigator...
...threatened a virologist in Merck's vaccine division with jail if he reported the fraud to the FDA...
...the ultimate victims here are the millions of children who every year are being injected with a mumps vaccine that is not providing them with an adequate level of protection. And while this is a disease that, according to the Centers for Disease Control ('CDC'), was supposed to be eradicated by now, the failure in Merck's vaccine has allowed this disease to linger, with significant outbreaks continuing to occur.
Chatom Primary Care also alleges that the fraudulent Merck vaccine contributed to the 2006 mumps outbreak in the Midwest, and a 2009 outbreak elsewhere. It says, "there has remained a significant risk of a resurgence of mumps outbreaks..."
This investigation is only beginning
NaturalNews has only begun to investigate this incredible breaking news about Merck and the vaccine industry. We are pouring through the court documents to identify additional information that may be relevant to this case, and we plan to bring you that information soon.
For the record, Merck denies all allegations. Is anyone surprised?
Sources for this article:
NaturalNews wishes to thank CourthouseNews.com for its coverage of this story. Original article at: http://www.courthousenews.com/2012/06/27/47851.htm
Chatom Lawsuit against Merck
www.naturalnews.com/gallery/documents/Chatom-Lawsuit-Merck-Mumps.pdf
2010 False Claims Act against Merck, by two Merck virologists
www.naturalnews.com/gallery/documents/Merck-False-Claims-Act.pdf
Announcement of the lawsuit in the media:
http://www.nasdaq.com/article/lawsuit-claims-merck-overstated-mumps-v...
For the record, Merck denies all allegations. Is anyone surprised?
Sources for this article:
NaturalNews wishes to thank CourthouseNews.com for its coverage of this story. Original article at: http://www.courthousenews.com/2012/06/27/47851.htm
Chatom Lawsuit against Merck
www.naturalnews.com/gallery/documents/Chatom-Lawsuit-Merck-Mumps.pdf
2010 False Claims Act against Merck, by two Merck virologists
www.naturalnews.com/gallery/documents/Merck-False-Claims-Act.pdf
Announcement of the lawsuit in the media:
http://www.nasdaq.com/article/lawsuit-claims-merck-overstated-mumps-v...
Learn more: http://www.naturalnews.com/036328_Merck_mumps_vaccine_False_Claims_Act.html#ixzz1z5wLtDYh
[Colour fonts and bolding added.].
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Picture: The Western mainstream media at work
"We are grateful to the Washington Post, the New York Times, Time Magazine, and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during these years."
"But the world is now more sophisticated and prepared to march towards a world government. The supernational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries."
(David Rockefeller)
Picture: My name is television. Predatory hands emerging from TV screen.
My name is Television
And I spit in your face.
The more time you spend
Watching
My calculated froth
And manipulative bubble,
The more your intelligence
Is diminished,
The more your immune systems
Are weakened,
And the more my subliminal
Control messages
Raise your fears
And remove your money.
My name is Television.
I foment fear,
I foment anxiety,
I purvey insecurity,
I huckster shifting images
Of universal bad news,
Loud images
Of angry voices,
Persistent images
Of helpless victims,
Unavoidable images
Of starvation among plenty,
Of disease among wholeness,
And of poverty among abundance.
I amplify
Your sense of unsafeness
And looming victimhood,
And the encroaching evil
Of the other.
I amplify
Your sense of the enemy.
My name is Television.
Alcuin Bramerton Twitter .. WikiLeaks Master Mirror Sites .. #1ab archive
Alcuin Bramerton profile ..... Index of blog contents ..... Home .....#1ab
Picture: The Western mainstream media at work
"We are grateful to the Washington Post, the New York Times, Time Magazine, and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during these years."
"But the world is now more sophisticated and prepared to march towards a world government. The supernational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries."
(David Rockefeller)
Picture: My name is television. Predatory hands emerging from TV screen.
My name is Television
And I spit in your face.
The more time you spend
Watching
My calculated froth
And manipulative bubble,
The more your intelligence
Is diminished,
The more your immune systems
Are weakened,
And the more my subliminal
Control messages
Raise your fears
And remove your money.
My name is Television.
I foment fear,
I foment anxiety,
I purvey insecurity,
I huckster shifting images
Of universal bad news,
Loud images
Of angry voices,
Persistent images
Of helpless victims,
Unavoidable images
Of starvation among plenty,
Of disease among wholeness,
And of poverty among abundance.
I amplify
Your sense of unsafeness
And looming victimhood,
And the encroaching evil
Of the other.
I amplify
Your sense of the enemy.
My name is Television.
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