The Intruders crash the Investment Banking Awards in Mayfair

We used to have Merchant Banks. These were long established banks, dating from before the days of the stock market, when bankers met with merchants in London coffee houses. They worked with merchants, helped create wealth through trading.

Today we have Casino Banking, aka Investment Banking, as the name suggests they gamble, and as with any gambling, there are winners and losers. Casino Banking does not create wealth, it robs Peter to pay Paul.

One of the scams of the casino banks was to rig the Libor rate.

The Intruders gatecrashed the Investment Banking Awards Ceremony in Mayfair, to award Barclays with an Innovation Award for rigging the Libor rate.

Tags: , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: