Tuesday, July 31, 2012

Libor Scandal Escalates To Italy - Taking Us Closer To the Vatican - JPMorgan Money Laundering For The Pope AND God Has Employed A Spin Doctor From Murdoch's Fox News .


Italian police have taken documents from a Barclays office in Milan as part of a probe into possible Euribor rate manipulation, according to Reuters.

It said the raid occurred as regulators investigated fixing fears of the eurozone equivalent of the scandal-hit, London-based Libor inter-bank lending rate.
The search was ordered by prosecutors in the southern city of Trani, who have opened a criminal probe into the possible manipulation of the Euribor rate.
The move comes after complaints were filed by two consumer groups, Adusbef and Federconsumatori.
Two judicial sources also confirmed the raid occurred last week, according to Reuters.
Documents, computer material and emails were seized, the consumer groups said in a joint statement.
They said the Milan raid occurred “with the aim of looking for evidence that Barclays also manipulated Euribor, as it did with Libor, with a negative impact on mortgage rates paid by Italians”.