Is $3. 7 Trillion Dollars Enough to Repair Infrastructure If |
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| Author:
| Herman, Guy |
| ISBN: | 978-1-4921-1231-0 |
| Publication Date: | Aug 2013 |
| Publisher: | CreateSpace Independent Publishing Platform
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| Book Format: | Paperback |
| List Price: | USD $3.59 |
Book Description:
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Utilizing unspent funds remaining in banks during the pendency of their use for state, civic or private projects, sums often in the billions, banks have systematically rigged the interest rate between and amongst themselves for an illegitimate profit from this malfeasance well in excess of $3.7 trillion dollars. Like the rigging price fixing of LIBOR, this is just another, now adjudicated instance of Banks being not only too big to fail, but also too big to Jail.
Utilizing unspent funds remaining in banks during the pendency of their use for state, civic or private projects, sums often in the billions, banks have systematically rigged the interest rate between and amongst themselves for an illegitimate profit from this malfeasance well in excess of $3.7 trillion dollars. Like the rigging price fixing of LIBOR, this is just another, now adjudicated instance of Banks being not only too big to fail, but also too big to Jail.