It Just Cost Deutsche Bank $25,000 Per Employee To Keep Its Libor Manipulating Bankers Out Of Jail

April 23rd, 2015 And so another historic scandal involving the manipulation and rigging of one of the most important global markets, that of Libor which is the reference security for several hundred trillion in derivatives, goes in the history books. Moments ago the NY Department for Financial Services announced that Deutsche Bank would pay $2.5 billion “in connection with the manipulation of the benchmark interest rates, including the London Interbank Offered Bank (“LIBOR”), the Euro Interbank Offered Rate (“EURIBOR”) and Euroyen Tokyo Interbank Offered Rate (“TIBOR”) (collectively, “IBOR”).”

According to FT calculations, “this is the largest fine to date in the sprawling worldwide Libor investigation” and beneficiaries of DB’s criminal generosity include New York State Department of Financial Services (NYDFS) which will get $600 million, $775 million go to the U.S. Department of Justice (DOJ), and 227 million GBP (approximately $340 million) to the United Kingdom’s Financial Conduct Authority (FCA). Best of all $800 million will end up in the bank accounts oi the Commodities Futures Trading Commission (CFTC), the same CFTC which can now afford to upgrade from ticker tape and actually have some sense of the pervasive manipulation taking place in the S&P on a daily basis.

Most importantly for DB’s 98,138 employees is that while DB will “terminate and ban individual employees who engaged in misconduct” nobody will go to jail. Again. In other words it just cost DB’s about $25,474 per employee to keep its Libor-manipulating employees (and thus, senior level management because the stench always goes to the very top) out of prison. MORE: http://www.zerohedge.com/news/2015-04-23/it-just-cost-deutsche-bank-25000-employee-keep-its-libor-manipulating-bankers-out-ja Source: http://investmentwatchblog.com/it-just-cost-deutsche-bank-25000-per-employee-to-keep-its-libor-manipulating-bankers-out-of-jail/#r01fOCgk3PbVGobC.99

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IMF Magic Number 7, The Shemitah & September Collapse — Bix Weir

SGTreport.com
Published on Apr 23, 2015

Stay tuned until the very end for a special surprise from Bix!

JP Morgan is acquiring physical silver in staggering amounts. According to Ted Butler’s research, JPM is still short on the Comex (to drive paper prices down) but they are massively long on PHYSICAL silver to the tune of roughly 350 MILLION OUNCES which JPM has taken delivery of over the recent past. Bix says, “Don’t forget they are the custodian of the SLV silver etf. It might also be that they have been ponying up false numbers in SLV and are having to load up the coffers because something very big is coming down the line.” Our conversation soon turns to Christine Lagarde, her magic number 7 speech and the seven year cycle of the Shemitah. Bix says, “We’ve got to remember who runs this financial system and who has the power to pull the plug. And it is these elite bankers such as Christine Lagarde. And obviously her speech about the magic number 7 was eluding to the Shemitah and the 7-year cycle… But this year the Shemitah is the seventh 7-year cycle so it’s an even bigger one, and according to the powers that be in the Jewish religion, this is the year of jubilee where all debts are forgiven… they could very easily pull the plug right around that time of September of 2015, so that’s the reason to look out for this coming September and for other reasons.” Our discussion turns to the California drought, Geoengineering and the elite agenda to depopulate the planet. Bix says, “There was a long term plan to get rid of a lot of the population, one world government, single currency, all that stuff is true… I do believe there are what I call “the good guys” who are trying their best to stop this plan of depopulation and all that. I am of the opinion that this is all going to come down to the crash of the banking system because these bad people who are trying to implement all this stuff, the only way they get power is through the control and use of un-backed fiat money.” Bix’s site: http:/roadtoroota.com/

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DEA chief quits after losing lawmakers’ confidence

DEA administrator Michele Leonhart (Reuters/James Lawler Duggan)April 22, 2015 The head of the Drug Enforcement Agency (DEA) Michele Leonhart is retiring following reports of agent misconduct and a no-confidence vote by a House of Representatives oversight committee. She will leave the post in mid-May. Despite being expected to resign from her position, Leonhart chose to retire from federal service instead. She informed Attorney General Eric Holder of her decision on Tuesday afternoon. “I want to express my appreciation to Michele, not only for her leadership of the DEA since 2007, but also for her 35 years of extraordinary service to the DEA, to the Department of Justice and to the American people,” Holder said in a statement. Holder praised Leonhart as a “trailblazer for equality and an inspiration to countless others,” and wished “my good friend Michele all the best as she embarks on this next chapter in what is a remarkable life.” Agents and employees of the DEA are “some of the finest law enforcement officers in the world,” he said, adding that “Going forward, I have no doubt that the women and men of the DEA will continue to perform their duties with the utmost integrity, professionalism and skill.” In light of the DOJ Inspector General’s report and the testimony we heard before our committee, Ms. Leonhart’s retirement is appropriate,”said Chairman Jason Chaffetz (R-Utah) and Ranking Member Elijah Cummings (D-Md.) of the House Oversight and Government Reform Committee. Last week, the committee grilled Leonhart over reports by the DOJ’s Inspector General, which indicated that DEA agents had been involved in a series of sex parties with prostitutes in Colombia and at other locations, dating as far back as 2001. These were paid for by the very drug cartels they were sent to suppress. Following the hearing, Leonhart claimed 10-day suspensions were the most severe punishments she could have doled out to the rogue agents, due to civil service regulations. The committee issued a statement expressing no confidence in Leonhart’s leadership and called for her resignation. “Administrator Leonhart… lacks the authority and will to make the tough decisions required to hold those accountable who compromise national security and bring disgrace to their position,” said the document endorsed by Chaffetz, Cummings and 20 other lawmakers from both parties. Following the March report by the Inspector-General revealing that agents had engaged in drug-and-sex parties sometimes even funded by the drug cartels, the Department of Justice issued a memo banning all personnel from “soliciting, procuring, or accepting commercial sex,” whether on or off duty and “regardless of whether the activity is legal or tolerated in a particular jurisdiction, foreign or domestic.” Leonhart was acting Administrator of the DEA since November 2007, and was officially confirmed at the post in December 2010. The DEA has the largest international footprint of any US federal law enforcement agency, with 833 personnel permanently assigned to 86 foreign offices in 67 countries, including 459 Special Agents as of 2014. Source:  http://rt.com/usa/251829-dea-chief-retires-scandal/

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X22 Report – The U.S. Economy Is Collapsing And The IMF Is Moving To Plan B – Episode 647

X22Report
Published on Apr 21, 2015

Get economic collapse news throughout the day visit http://x22report.com More news visit http://thepeoplesnewz.com Report date: 4.21.2015

ECB getting prepared for the Greece Exit. White House showing signs of nervousness about the Greek exit. Meanwhile Greece is ready to sign a deal with Russia. Major layoffs in the US continue. IBM revenue way down, huge layoffs could be on the horizon. IMF sees countries pivoting to the BRIC and AIIB banks, the US left it no choice but to use Plan B. Americans support owning a gun rather than removing weapons from the people. Saudi Arabia ends Decisive Storm getting ready for ground invasion in Yemen. Assad lets the world know the coalition forces are not fighting IS but supporting them. All source links to the report can be found on the x22report.com site.

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