Friday, October 31, 2014

13 Global Banks Sued by Alaska Fund for ISDAfix Rigging - Analyst Blog

13 Global Banks Sued by Alaska Fund for ISDAfix Rigging - Analyst Blog

By  

Legal hassles continue to trouble major global banks. Alaska Electrical Pension Fund has filed a lawsuit in the U.S. District Court, Southern District of New York, suing as many as 13 international banks. The lawsuit pertains to the banks' alleged manipulation of ISDAfix rates, a benchmark used to appraise interest rate derivatives, commercial real estate mortgages and structured debt securities. 

The sued banks include JPMorgan Chase & Co. ( JPM ), Bank of America Corp. ( BAC ), Citigroup Inc. ( C ) and HSBC Holdings Plc ( HSBC ). Per the lawsuit, the banks colluded to rig ISDAfix rates by rapidly executing trades just before the rate was supposed to be determined and delaying the processing of trades until it was fixed. This allowed the banks to manipulate the payments made to investors on derivative trades. 

Such action adversely impacted approximately $170 trillion worth of financial instruments tied to ISDAfix rates. The lawsuit seeks unspecified damages for violating the U.S. antitrust and commodities laws. 

Other defendants in the case are Barclays PLC ( BCS ), BNP Paribas SA ( BNPQY ), Deutsche Bank AG ( DB ), Credit Suisse Group AG ( CS ), The Goldman Sachs Group, Inc. ( GS ), Nomura Holdings, Inc. ( NMR ), The Royal Bank of Scotland Group plc ( RBS ), UBS AG ( UBS ) and Wells Fargo & Company ( WFC ). Even the U.K.-based ICAP Inc., the former administrator for ISDAfix rate, is a defendant. 

If proven guilty, the banks would undoubtedly suffer a setback due to mounting legal expenses which would negatively impact their financials. On the other hand, an appropriately landmark judgment regarding such manipulative practices will bring justice to sufferers. 

Nonetheless, this is not the first time that the major banks have been accused of manipulating rates. Several banks including BofA, Citigroup, JPMorgan, Barclays and HSBC have been sued previously for their alleged role in manipulating the London Interbank Offered Rate (LIBOR).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks


Read more: http://www.nasdaq.com/article/13-global-banks-sued-by-alaska-fund-for-isdafix-rigging-analyst-blog-cm387461#ixzz3HjJGIA00

OMEGAMAN UPDATE, 30 OCT

OMEGAMAN UPDATE, 30 OCT
vint yep pooooooooooooooof

           
LAKERFAN wrote
8m ago

[10:23:01 PM] Lady Ros: OMEGA MAN October 30, 2014 at 7:13pm a veil of secrecy is now hovering over this event imo; veil of silence, darkness, as the PTB's struggle 'gainst their demise; too late, we win; we have overcome, it is now just a matter of time and we are Free of their rule... LATEST: THREE SOURCES NOW CONFIRM A certain group in Reno going in; green light...tonight...we pray, tonight...Public shortly thereafter, some say tuesday.

RV/GCR TIDBIT, 30 OCT

RV/GCR TIDBIT, 30 OCT

RV/GCR: The true privates start tonight and tomorrow for the groups


like gen 64 and admiral and and and.......yea that......................TIMBER

EX-OBAMA SECRET SERVICE AGENT 'ON VERGE OF HUGE UPSET'

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Former Secret Service agent Dan Bongino
By Paul Bremmer
Dan Bongino, a former Secret Service agent for President Obama, says that with only days until the election, he and his team have done all they can to win Maryland’s Sixth District seat in the U.S. House of Representatives, and he believes he could be “on the verge of a huge upset.”
“I can comfortably tell you right now there is nothing we could have done to work harder,” Bongino said. “I just got back yesterday from Montgomery County, in the pouring rain. It was 40 degrees. I’m sick as a dog right now, and I’m driving in the western Maryland mountains, getting ready to wash, rinse and repeat, so there’s no more effort we could have given.”
Bongino said if elected, he will make the federal government’s tax-and-spend policies his No. 1 issue.
“Our economy is being suffocated right now by a government that absolutely thinks it can spend your money better than you can,” he said.
In his 2013 New York Times bestselling book “Life Inside the Bubble,” Bongino wrote about the failure of the massive federal bureaucracy to effectively deal with problems.
He said the government needs to adopt the policies that have allowed corporations and small businesses to become more efficient. Don’t worry about hurting some constituents, he says – all constituents are being hurt, because the federal government is going bankrupt.
“If we don’t start to de-layer this layered bureaucracy, you’re going to see a government, sooner or later, that’s not going to be accountable for anything,” he said.
Incumbent Democrat Rep. John Delaney won the district by 21 points two years ago, but Bongino said he’s hopeful heading into the final few days.
“You know, everybody expected we’d put up a tough fight, but I don’t think at this point in the race, they thought we would be on the verge of a huge upset, which we are,” Bongino said.
He said donations are still flowing in and volunteers are still signing up to help the campaign.
Bongino is not new to the world of campaigning. He ran for the U.S. Senate in 2012 but was unsuccessful in his attempt to unseat Democratic incumbent Ben Cardin. He said he learned plenty of lessons from that defeat, such as the value of knocking on doors and making direct contact with voters. He learned the importance of finding good vendors and business partners.
Most of all, Bongino learned to just be himself. He said he writes all of his own social media updates and most of his campaign emails.
“So it’s my voice, it’s what’s going on in my head, it’s where I’m at, not necessarily a middle man, and it resonates,” he said. “The proof is in the pudding. We developed a really large social media following, an incredible donor list.”
He offers this advice: “Don’t fall into the trap of thinking everything has to be said in a quick sound bite, because people are willing to listen if you’re willing to provide good content and good ideas.”
Maryland is a reliably Democratic state at the federal level. Obama won 62 percent of the vote in the 2012 presidential election, and the state has not voted for a Republican for president since 1988.
Maryland hasn’t elected a Republican to the Senate since 1980. However, Bongino said it’s actually not difficult for him to be a Republican in the state because he has an independent voice.
“No one can ever accuse me, credibly, of being some party apparatchik,” he said. “I’ve been willing to go after Republicans on issues I thought they took the wrong tack on,” such as illegal immigration.
The candidate said he has knocked on many Democrats’ doors in liberal parts of the state and rarely received a negative response.
When asked about media treatment of his campaign, Bongino said he has no complaints with the national media. He said both left-leaning and right-leaning outlets have told his story and allowed him to speak on a variety of issues.
However, he said some local media outlets have been blatantly biased against him. He thinks they do a disservice not just to the public but to themselves when they show bias.
“That’s why they’re dying,” Bongino said. “They’re dying a slow, painful death, because people don’t see them as being straight shooters and truth tellers, which, ironically, whether you agree or disagree with me politically, very few people accuse me of not being honest with them about where I stand.”
Hear Bongino:
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Read more at http://www.wnd.com/2014/10/ex-obama-secret-service-agent-on-verge-of-huge-upset/#GyXJe7ovwMZ4TKlZ.99

V.K. Durham IT IS A DISGRACE WHAT IS GOING ON 'IN COLOR OF ALL LAW' IN THIS NATION!

V.K. Durham
IT IS A DISGRACE WHAT IS GOING ON 'IN COLOR OF ALL LAW' IN THIS NATION!

Read the following... which I received yesterday, but need to do some 'thinking about it." 

Sent: Thursday, October 30, 2014 7:45:59 PM
Subject: Fw:

 
Sent: Thursday, October 30, 2014 5:14 AM


Cherokee has gotten rougher  since last knew!!!!!!!!!!!!!!!!!!!  Swat vehicle  from Storm  Lake,,,,, trying to teach  Cops Cherokee how to drive,,,,,,, told the officer in charge  just what i need    6 wheel drive bullet proof could haul my guns ammo  etc.,,, its something a guy could live in,,, cool...................... LATER              Bill

It seemed appropriate to send this to my State Senator representing the State of Iowa on the Federal Level who had taken the Oath to the People of the state of Iowa to represent the State, to uphold, protect and defend said constituencies of the state of Iowa as a member of the Union of Republics and as the US SENATE BANKING CHAIRMAN.. [gets confusing don't it?]
  A brief explanation.  The People Vote for their state representatives whereas, whereby and whereupon these state representatives go to Washington D.C. and are Sworn into Public Office "To uphold, protect and defend the constitution [laws of the Republic of the Union i.e., Iowa], against all parties foreign and domestic."
  That Oath is taken to prevent the very same or similar situation which brought our forefathers to the point of exasperation over "Taxation without Representation" on issues which involved the Foreign Crowns of Europe doing so with a "Petition"  citing THE INTOLERABLE ACTS
1774 see  http://www.theantechamber.net/UsHistDoc/DocOfAmeriHist/DocOfAmeriHist10.html and http://www.theantechamber.net/UsHistDoc/DocOfAmeriHist/DocOfAmeriHist11.html plus http://www.theantechamber.net/UsHistDoc/DocOfAmeriHist/DocOfAmeriHist12.html

Those Petitions-Citations were ignored back then, just as they are today.. which brought about the subsequent DECLARATION OF THE CAUSE AND NECESSITY OF TAKING UP ARMS July 6, 1775 which those who take the time to open these documents up, study and evaluate them will most assuredly find a marked similarity between those years and what is going on in America today..  Read http://www.theantechamber.net/UsHistDoc/DocOfAmeriHist/DocOfAmeriHist18.html and http://www.theantechamber.net/UsHistDoc/DocOfAmeriHist/DocOfAmeriHist19.html and http://www.theantechamber.net/UsHistDoc/DocOfAmeriHist/DocOfAmeriHist20.html and http://www.theantechamber.net/UsHistDoc/DocOfAmeriHist/DocOfAmeriHist21.html signed by Order of Congress, John Hancock President.



RE: YOUR JANUARY 22, 2003 LETTER U.S. SENATOR, CHARLES E. GRASSLEY
By V.K. Durham
1/22/03 4:30PM



To: Charles E. Grassley U.S. Senator (IA)
Cc: William Anderson ; V.K. DURHAM
Sent: Tuesday, February 04, 2003 4:22 PM
Subject: RE: Your January 22, 2003 letter

U.S. Senator, Charles E. Grassley
135 Hart Senate Office Building
Washington, District of Columbia 20510-1501
and

Sioux City Federal Offices
320 6t Street
Sioux City, IA. 51101-1244



Senator Grassley:

Your letter of the 22nd, January 2003 is a kind enough response in regards to "my continued concerns regarding "gold derivatives/debentures." Senator. Since I first contacted you regarding these matters and others on or about February 21, 1999; I have received very cordial letters from you acknowledging "receipt of my documented concerns."

However, Senator; Since my first contacting your office in person, tendering my concerns regarding these matters of "bogus gold instruments" and the underwriting of the Al Qaeda, and Warehousing of Gold Instruments in the Islamic & Asian Banks, your letters have done little, if anything to stop the 9/11 incident which is a part of this mess, which, Senator had the U.S. Secret Service done their jobs properly; "9/11" could possibly never happened, and approximately 3,900 lives would not have been lost. While on the other hand, we would not have the HOMELAND SECURITY ACT allegedly hunting down the AL QAEDA MONEY TRAIL when the paper trail has been in your offices all the way along?

In regards to the Bogus Gold Instruments; CHINA is reportedly holding over $400 Trillion Dollars in these instruments. While Korea holds another "bag with a hole in the bottom" full of these "gold instruments" as do the ISLAMIC & CHINESE BANKS.

Then, there is J.P.MORGAN-CHASE holding (per the SEC) another $21 Trillion Dollars in these "Non Performing Gold Derivatives?"

Senator Grassley. WHO DROPPED THE FREAKING BALL ON THIS? We now have a WAR in process, and not one single INVESTIGATION into these AL QAEDA ALL KADA GHANA S. AFRICA) UNDERWRITERS who sit in the Philippines, asking in writing in that encrypted message paper (you have copies of that bloody paper) asking the Fed. R. for "instructions as to when to bring the gold home."

Senator. What is going on here?

V.K. DURHAM, CEO
THE DURHAM (INTL. LTD;) HOLDING TRUST (TIAS 12087)




See Also:

IDENTITY THEFT; MURDER INC., AL QAEDA UNDERWRITING BY:
THE GAIA-EKKER'S and ASSOCIATES INSIDE THE U.S. FED. GOVT.
by V.K. Durham
1/29/03
http://www.theantechamber.net/V_K_Durham/IdentityTheftMurderInc1.html





Ask not what your Country can do for you,
Ask what you can do for your Country.
www.theantechamber.net

2003
====================================================================
AND LETS NOT FORGET THIS ONE!
Outstanding, Primary Creditor of the United States and this alleged; U.S. DEBT
By V.K. Durham
1/14/04


From: V.K. DURHAM
To: Chuck Grassley ; William_Anderson@grassley.senate.cov
Cc: Jack McCreery ; Katherin
Sent: Saturday, February 08, 2003 1:41 AM
Subject: Outstanding, Primary Creditor of the United States and this alleged; U.S. DEBT

U.S. Senate Banking Committee, Senator Charles E. Grassley
135 Hart Senate Office Building
Washington, D.C. 20510-1501

Bureau of Public Debt/U.S. Dept. of the Treasury
Parkersburgvia fax (304)480-8601

U.S. Security Exchange Commission, Legal
Jack McCreery
Washington, D.C.

William Anderson, Aide to U.S. Senator, Charles E. Grassley
Sioux City Iowa Federal Offices


Ref: U.S. Debt Due on or about 15 days from this days date, February 7, 2003, and

Ref: Bogus GOLD INSTRUMENTS aimed at the United States Dept. of the Treasury and Fed. R. by the Al
Qaeda

Senator Grassley, Mr. McCreery and Mr. Anderson.



Gentlemen.

On this date, February 7, 2003, a long conversation was held with Senator Charles E. Grassley's aide, Mr. William Anderson of the Senator's Sioux City Federal Offices in regards to the before mentioned "Al Qaeda" which is further supported by documents, memorandums, tape recordings, news paper articles, Saudi Internet Articles, and current news events in regards to "Global Financial Problems" of the United States, the UK and U.S. Allies.

A "Call on the U.S. Debt" was made to the BUREAU OF PUBLIC DEBT by this DURHAM HOLDING TRUST (TIAS 12087) as the outstanding, primary creditor of the United States and all debtor nations.

The HOLDING TRUST'S LIENS held by this Trust which encumbers by Recorded Lien of Record; All gold held in repositories, depositories, in reserve, in the Accounts of the Company of the United States, the Corporation of the United States, and all Debtor Nations, held privately or in Accounts, Foreign and/or Domestic; Have been recorded and further posted on THE GOLD TRADER'S BOARD.

Further, This Holding Trust has notified (a) The World Bank, James Wolfsen (b) THE IMF (c) All International Banks (d) All Standard Charter Banks (e) The UK Parliament (f) PM Tony Blair of the UK (g) The Organization of American States (OAS) (h) The President of the United States (i) The U.S. Bureau of Public Debt (j) Secretary of the U.S. Treasury (k) U.S. Allies (l) The Islamic Development Banks (m) The Attorney's for the Islamic Development Bank (Jeddah) (n) Interpol (o) The FBI (p) BATF (q) FINCEN (r) Security Exchange Commission Regulators (s) The International Gold Traders (t) U.S. House Oversight Committee Chairman, Dan Burton (u) China Banking Financial Representatives etc of these Bogus Gold Instruments written on our Bonus 3392-181 Held in Trust, used in these International Banking & Financing, Gold Markets without our Authorization, though allegedly authorized by certain "High ranking U.S. Fed. Govt. Officials in agreement to "split 50-50" the monies taken down on Bonus 3392-181" (made public in public print), alleging an agreement (published) with the Federal Reserve/U.S. Treasury, while currently sitting in the Philippines "asking the fed for instructions as to when to bring the gold home" (also in public print).

We have formally noticed all the above, We, this Holding Trust as "Owner of Bonus 3392-181" will not be responsible to any nation or any nation's people having been harmed by these Bogus Gold Instruments written by the parties identified as Corporate Officers of Global Alliance Investment Association, Cosmos Seafood Energy Marketing, Ltd; Nevada ID# 1707-85 (Identity theft), The Inter-American Development Bank, the Inter-American Development Corporation and/or any of the 100's of other corporations formed to conduct business Victimizing Unsuspecting Nation's and Individuals by Fraudulent Bogus Bonus 3392-181 Gold Instruments currently in the International Banking & Financing Markets. We stand HOLD HARMLESS against these acts of willful, malicious, deliberate frauds designed "to take the entire Global Finances & Economics Hostage, and only V.K. DURHAM would know the truth (tape recording of meeting)."

Additional documentation from the internationally respected Accounting Firm of Ernst & Young relates THE GAIA-EKKER'S are collecting up to 50% up front in gold from unsuspecting victims of these BOGUS GOLD INSTRUMENTS aimed at the United States in this current JIHAD of the Al Qaeda.

Senator Grassley, Mr. Anderson in your Sioux City Federal Offices has more than sufficient documentation regarding these before mentioned matters as equally held by the U.S. Security Exchange Commission Legal Department of Jack McCreery, Washington D.C. Offices as well as U.S. House Oversight Committee Chm. Dan Burton.

Our Financial Statement is with the Washington Offices of Mr. McCreery of the Security Exchange Commission, and the Bureau of Public Debt in regards to the "Outstanding Debt of the United States" as calculated from May 1, 1875 to May 1, 1990 (remainder's not calculated but due) by the Fed. R. in Los Angeles August 1989. Further, said NOTARIZATION is filed of Recorded Record.

Our "Collateral" has been used to create this JIHAD against the United States of "Israel" as these individuals call the United States, and used without "authorization" from the "Owner/Holder of Recorded Record."

Gentlemen; You have less than 15 days to "meet" with the "Signatory/Holder/Owner" of Bonus 3392-181 i.e., The Outstanding Primary Creditor of the United States "to obtain Resolution."

We will Back the U.S. Dept. of the Treasury Trust of the Government of the United States. We will not back the Fed. R. considering the roll played with those actively engaged in this current JIHAD conducting business in the Philippines. We will not do that.

The U.S. Senate Banking Committee Representatives with "full capacity and authorization" and the U.S. Dept. of the Treasury Representatives "with full capacity to do the business of the United States" must come to the Trust for Resolution. Due to this present SCALAR weapons events, We do not travel. Gentlemen; You have less than 15 days for resolution & remedy.

William Anderson is the designated "go between all of us."


I remain-

Yours truly,

V.K. DURHAM, CEO/SIGNATORY
THE DURHAM (INTL. LTD;) HOLDING TRUST (TIAS 12087)
PO BOX 113
IDA GROVE, IOWA 51445
712-364-38-3830
vkdtdht@........









----- Original Message -----
From: "V.K. DURHAM" vkdtdht@..........
To: "V.K. DURHAM" vkdtdht@........
Sent: Saturday, February 08, 2003 1:44 AM
Subject: Read: Outstanding, Primary Creditor of the United States and this alleged; U.S. DEBT


This is a receipt for the mail you sent to
"Chuck Grassley" Chuck_Grassley@grassley.senate.gov;
William_Anderson@grassley.senate.cov at 2/8/03 1:41 AM

This receipt verifies that the message has been displayed on the recipient's computer at 2/8/03 1:44 AM

Name:
ATT00016.txt
Type:
Plain Text (text/plain)
Encoding:
7bit








THE TRUTH WILL SET YOU FREE; AND MAKE THOSE OTHERWISE PRE-DISPOSED "MAD AS HELL."

Thursday, October 30, 2014

Video: John Lear - Same Group Responsible For 9-11 and JFK Assassination

The Rumor Mill News Reading Room 
Video: John Lear - Same Group Responsible For 9-11 and JFK Assassination
Posted By: Lion [Send E-Mail]
Date: Thursday, 30-Oct-2014 21:17:18

----------------------
Video: John Lear - Same Group Responsible For 9-11 and JFK Assassination
Israeli Mossad Did 9/11 and Assassinated JFK
Published on Mar 27, 2012 by Published on Mar 27, 2012
John Lear was a captain for a major US Airline and has flown over 160 different types of aircraft in over 50 different countries.He holds 17 world speed records in the Lear Jet and is the only pilot ever to hold every airline certificate issued by the Federal Aviation Administration.John Lear has flown missions worldwide for the CIA and other government agencies.He is the son of William P. Lear, designer of the Lear Jet and founder of Lear Siegler Corporation
John Lear was a captain for a major US Airline and has flown over 160 different types of aircraft in over 50 different countries.He holds 17 world speed records in the Lear Jet and is the only pilot ever to hold every airline certificate issued by the Federal Aviation Administration.John Lear has flown missions worldwide for the CIA and other government agencies.
He is the son of William P. Lear, designer of the Lear Jet and founder of Lear Siegler Corporation.

http://youtu.be/3pC5JDLOm9g
https://www.youtube.com/watch?v=3pC5JDLOm9g