Guest: Ellen Brown, author of Web of Debt. Though the LIBOR rate-rigging scandal is being called the biggest finance swindle in history – which is saying something, given what we’ve been through during the past four years – the lamestream media isn’t covering the story properly (what else is new) and the citizens have not yet arrived at the gates of the City of London carrying torches and pitchforks. Nonetheless, this could be the trigger for the long-awaited collapse of bankster-dom, according to Ellen:
Barclays’ activities with the other banks appear to be criminal racketeering under federal RICO statutes, which authorize victims to recover treble damages; and class action RICO suits by victims are expected.
The blow to the banking defendants could be crippling. RICO laws, which carry treble damages, have taken down the Gambino crime family, the Genovese crime family, Hell’s Angels, and the Latin Kings.
Will RICO suits also bring down the Eight Families?
If not, I say get out the torches and pitchforks.