Barclays Libor Case to Go to Trial

October 30th, 2012

Via: Reuters:

Barclays became the first bank to be ordered to stand trial in a British court over damages stemming from manipulation of the Libor interest rate after a High Court ruling on Monday.

Guardian Care Homes, a residential care home operator based in Wolverhampton, is suing Barclays for up to 37 million pounds ($59 million) over the alleged mis-selling of interest rate hedging products known as swaps.

“Today is a huge milestone with a trial now going forward to determine whether these financial products should be declared void,” Guardian Care Homes’ chief executive Gary Hartland said after the ruling.

The case could also lead to new revelations about the Libor scandal after Guardian Care Homes asked for documents relating to the affair to be disclosed.

Research Credit: almaverdad2

Posted in Economy, Elite | Top Of Page

3 Responses to “Barclays Libor Case to Go to Trial”

  1. Eileen says:

    Thank you almaverdad2!

    Oh yes, after seeing the HAARP activity in New Jersey and the New York area since October 19th I thought oh, this storm is just another opportunity for a GRUNCH (Grand Universal Cash Heist), and yes while all eyes are on Manhattan and that poor, poor NYSE trading floor being closed we have this case announced. I LOVE, ABSOLUTELY LOVE, that this case is being brought against Barclays by Guardian Care Homes! Goshdarnit, a corporation that has interest in the elderly SPEAKING UP AND OUT. YAY! Can you imagine if Guardian Care Homes wins this one? Wow,
    I’m ready to break out the champagne real earlylike. I mean the cider, the cider. I am on an austerity budget. WHEEEE.

  2. Eileen says:

    OOPS.
    Attribution links:
    The picture is different today than it was on Sunday where the NYC and New Jersey area were all white.

    http://www.haarpstatus.com/status.html

    Someone who knows how to research historic links will find that Sunday night it was all WHiTE. Something definitely heating up Manhattan and New Jersey.

    I read this on George Ure’s website Sunday:
    http://urbansurvival.com/week.htm

    Kevin also posted re the “white” status of the Fukashima area re HAARP prior to Fukahsima— its here on this website in the archives. I know its here but I can’t look for it now. Geez, I wonder what NYC looked like on the Haarp BEFORE 9/11? hMM, JUST THINKIN AND IMAGINING, WHO WOULD WANT TO SHUT DOWN THE TRANSPORTATION SYSTEM IN NYC JUST PRIOR TO AN ELECTION? AND UH, DUH, IN A STATE THAT IS SO FAVORED TO OBAMA?
    Just Thinkin.
    Full disclosure, I am voting for Obama despite all the negatives (clandestine activities and spying, etc) becauase I perceive him as not having an itchy trigger finger. I don’t think he wants more wars unless they are of the clandestine type. Given a choice, I’d rather have someone who gazes at their navel for at least for five seconds before they launch another massive military war. Ask the vets who are full of depleted uranium in their bloodstreams and bones as to what they’d prefer. Nobody wants more of that shit, and certainly not going nuclear. Mitt is on heavy meds methinks and the sad thing is, I don’t think he knows that his great desire to fulfill his father’s dream has made him the perfect target for those whose dream is to have another Manchurian Candidate, aka the former Prez, George W. Bush. Amen.

  3. Eileen says:

    If your server isn’t censored (like mine seems to be lately – sending me to trash websites under the guise of Google) go look at the Mormon White Horse Prophecy. Phht.
    No wonder Netanyahoooo hearts Mitt.

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