Here it Comes! Commodities Futures Trading Commission Investigating Manipulation of Derivative Interest Rates - Bloomberg Bomb: Interest Up, We Go Down.
Right now, there are about 441 trillion dollars of interest rate derivatives sitting out there. If interest rates stay about where they are right now (or) don’t go much higher, we will be fine. But if they start going much higher, all bets will be off and we could see financial carnage on a scale that we have never seen before.
It will make the Syrian “Nuke” look like a firecracker…
And at the moment the big banks have got to behave themselves because the government is investigating allegations that they have been cheating pension funds and other investors out of millions of dollars by manipulating the trading of interest rate derivatives. The following is from an article that the Telegraph postedon Friday…
The Commodity Futures Trading Commission (CFTC) is probing 15 banks over allegations that they instructed brokers to carry out trades that would move ISDAfix, the leading benchmark rate for interest rate swaps.
Pension funds and companies who invest in interest rate derivatives often deal with banks to insure against big movements in the ISDAfix rate or to speculate on changes to interest rate swaps
ISDAfix is published each morning after banks submit bids for swaps via Icap, the inter-dealer broker, in a number of currencies. The CFTC has been investigating suggestions that the banks deliberately moved the rate in order to profit on these deals.
Given the hundreds of trillions of dollars’ worth of interest rate derivatives trades that occur annually, even the slightest manipulation can have a substantial effect. The CFTC, which started to investigate ISDAfix after last summer’s Libor scandal has now been handed emails and phone call recordings that show the rate was deliberately moved, according to Bloomberg.
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Whistler Blowers, Insiders
Right…I’ll believe it when I see ANY of the Criminazi banksters, and those families that essentially own and run them, who have pulled this and worse off for years!…No Decades!!…..NO CENTURIES!!! have their heads handed to them. Beheading?…nah. Hanging?…nah. Prison?…nah. A little finey-pooh-slap on the wrist that amounts to no more than the cost of doing their mafioso criminal business?…with some lower-level innocents (more or less) who were doing what they were ordered to do under pain of firing / losing their bonuses / blacklisting from the financial industry shoved to the bench as scapegoats? Yeah…that sounds about right for our essentially totally bought and paid for utterly corrupt financial “oversight” system, including and ESPECIALLY the CFTC.
Just take a look at their “investigation” into the (paper/counterfeit) COMEX silver market for the past five years (oh, and the one before that as well)…where the SeeNoEvil-HearNoEvil-SpeakNoEvil scumbag commissioners simply rubber-stamped a “nothing to see here” report and blew it off…with Chilton coming out from time to time over the past five years or so playing the role of “good cop” only to also do nothing except do his hot-air All-Hat-No-Cows Cowboy act). They couldn’t find $#iT if it was stuck on their eyeballs or smell it if it was stuck up their noses…and it is!!! (And you should hear what I REALLY
think about them.) “Nuf said…. 
Unfortunately, the best way to control an investigation is to Own the opposition and steer the ‘trial’
A black hole or a small fine with no admition to guilt, perhaps a small fine in Relation to the loot looted from the subjects of their? world. This has been going on for far too long with CFTC ensuring business as usual. Who has been paying attention? Why no independent, public audit perhaps by one public advocate organization or another? Ditto for SEC, the right hand of goldman sachs, just another rothschid organ of financial destruction.