Citigroup
LIBOR Scam Yields $100M
Settlement to 42 States While
Deutsche Did $220M to 45
By Matthew
Russell Lee, Video
UNITED NATIONS,
June 15 – When Citigroup
managing director Michael
Eckhart appeared at the UN on
June 4, it was to talk about
renewable energy with the UN
Environment Program. Inner
City Press asked Eckhart about
Citigroup's role in the Dakota
Access Pipeline. But that is
one only of Citigroup's many
scams. Today on June 15 it is
announced that Citigroup will
be paying $100 million to 42
states for having manipulated
LIBOR, the London Interbank
Offered Rate. In fairness,
there are other scammers too.
Deutsche Bank, currently
rumored to be mulling a merger
with Commerzbank, in October
2017 had to pay $220 million
to 45 states. The predators
continue.
Back on June 4
Eckhart paused and admitted it
was a lender, than said that
the outcry against the
pipeline, on indigenous human
rights and other issues, was
entirely unexpected. He said
they had not protested early
enough. Video here.
But what about free prior
informed CONSENT? Is silence
consent? Or, as is too often
the case, is the UN a place of
hypocrisy?
As Inner City
Press has shown, UNEP paid
money to Volvo Ocean Races,
and appears to have engaged in
pay-for-prize with MoBikes.
Inner City Press also asked
about the UN bribery scandal
in which China Energy Fund
Committee - oil money - bribed
UN President of the General
Assembly Sam Kutesa, but CEFC
remains in special
consultative status with UN
ECOSOC. Video here.
We'll have more on this - and
on Citigroup. Watch this site.
***
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