McConnell claims that SamCam’s husband appointed independent director of Investec (formerly Rensburg Sheppards) Andrew Tyrie, to chair the Libor witch hunt and ensure the Coalition did not expose their family’s investments in the D2 Fukushima bomb.
“Cameron announces inquiry into bank scandal”
Sam Cam recognizes Libor spread bets on Twin Towers pass through certificates 9/11
Andre Tyrie, Director of Investec which sells Libor products to the likes of SamCam and the Chairman of the Parliamentary committee of inquiry to investigate the Libor rate-rigging scams!
“Explosion at nuclear plant in Japan”“.. malware is reportedly a contributing factor to the Fukushima nuclear disaster. Clue ... virtually every control system failed or reacted wrongly to emergency conditions.”
“Why is the LIBOR differential getting larger? London, UK - 7th December 2007, 09:19 GMT Dear Open ATCA & Philanthropia Friends [Please note that the views presented by individual contributors are not necessarily representative of the views of ATCA, which is neutral. ATCA conducts collective Socratic dialogue on global opportunities and threats.] Although the Bank of England has cut base rates by 25 basis points yesterday to 5.5%, the real challenge lies in the increasing differential between base rates and LIBOR (London Interbank Offered Rate) for sterling, euro and dollar in the money markets, pointing to a clear erosion of trust in interbank lending. Three month sterling LIBOR, which was fixed yesterday at 6.64%, last peaked in September at a differential of 112 basis points and the spread this morning stands at 114 basis points (bps)…. What are your views? Sign In. We look forward to your further thoughts, observations and views. Best wishes DK Matai, Chairman, Asymmetric Threats Contingency Alliance (ATCA) Open ATCA, IntentBlog, Holistic Quantum Relativity Group LinkedIn, Facebook, Ecademy, Xing, Spock, A&B Blog & QDOS ATCA: The Asymmetric Threats Contingency Alliance is a philanthropic expert initiative founded in 2001 to resolve complex global challenges through collective Socratic dialogue and joint executive action to build a wisdom based global economy. Adhering to the doctrine of non-violence, ATCA addresses asymmetric threats and social opportunities arising from climate chaos and the environment; radical poverty and microfinance; geo-politics and energy; organised crime & extremism; advanced technologies -- bio, info, nano, robo & AI; demographic skews and resource shortages; pandemics; financial systems and systemic risk; as well as transhumanism and ethics. Present membership of ATCA is by invitation only and has over 5,000 distinguished members from over 120 countries: including 1,000 Parliamentarians; 1,500 Chairmen and CEOs of corporations; 1,000 Heads of NGOs; 750 Directors at Academic Centres of Excellence; 500 Inventors and Original thinkers; as well as 250 Editors-in-Chief of major media. The views presented by individual contributors are not necessarily representative of the views of ATCA, which is neutral. Please do not forward or use the material circulated without permission and full attribution. .. mi2g: Winner of the Queen's Award for Enterprise in the category of Innovation mi2g is at the leading edge of building secure on-line banking, broking and trading architectures. The principal applications of its technology are: 1. D2-Banking; 2. Digital Risk Management; and 3. Bespoke Security Architecture. For more information about mi2g, please visit: www.mi2g.net”
“A full Parliamentary committee of inquiry will be set up in the wake of the Libor rate-rigging scandal, David Cameron has announced. The Prime Minister dismissed calls for a Leveson-style inquiry into the matter, insisting he wanted to reach the truth quickly. In a statement to MPs, he revealed the probe would be chaired by Treasury Select Committee chairman Andrew Tyrie. It comes after Barclays chief executive Bob Diamond admitted he was disappointed that the scandal happened on his watch - and follows the resignation of Barclays chairman Marcus Agius. Mr Cameron said the Serious Fraud Office were looking at whether any criminal prosecutions could be brought. He went on: "I want us to establish a full parliamentary committee of Inquiry involving both Houses chaired by the Chairman of the House of Commons Treasury Select Committee. "This Inquiry will take evidence under oath have full access to papers, officials and Ministers - including Ministers and Special advisers from the last government and it will be given, by the government, all the resources it needs to do its job properly." … David Cameron's official spokesman said Mr Agius's resignation was "a matter for Barclays' board and Barclays' shareholders". But asked whether the chairman's departure drew a line under the issue, the spokesman responded: "The Prime Minister has made the point that they have serious questions to answer, and I think that is still the case. "The Prime Minister wants to see accountability for what has happened. If people have broken rules then they should face the consequences. Clearly people at the top of that organisation have serious questions to answer." Deputy Prime Minister Nick Clegg added: "Remember these are people who are paid big, fat bonuses in the good times and they need to also take responsibility in the bad times."”
“Chichester - Andrew Tyrie (C) Remunerated directorships Independent director of Rensburg Sheppards [Now named Investec] plc, a publicly quoted investment management company. Independent director of Rugby Estates, a publicly quoted property company. Gifts, benefits and hospitality (UK) Honorary membership of Goodwood Country Club. Overseas visits 7-11 February 2007, to India, to visit outsourced operations in Bangalore and the UK Consular Entry Clearance Section in Mumbai. Travel and accommodation costs met by Norwich Union. (Registered 12 February 2007) Registrable shareholdings Falconland Limited; property investment company. Veritas Asian Fund [Allegedly shorted Libor through Fukushima malware bomb].
“LIBOR-linked rates outstrip the Bank of England base rate during last 12 months 12-Sep-2008 Analysis by Investec shows that one month LIBOR has consistently outperformed the base rate since the beginning of August 2007. Investec’s analysis shows that since 1 August 2007, while the Bank of England base rate has fallen by 0.75%, one month LIBOR has declined less, falling only 0.53% over the same period2. Since the beginning of August 2007, the gap between the two rates has widened from 0.16% to 0.38%. Business bank account holders can seek institutional rates and take advantage of accounts linked to LIBOR. Investec has developed a range of innovative cash products for businesses, including the Investec LIBOR Plus Deposit account3, which allows small and medium-sized businesses to access market leading institutional cash rates. It does this by tracking, on a daily basis, the money market one-month LIBOR rate, the higher side of the market, and paying a premium of 0.05% above this rate. The Investec LIBOR Plus Deposit account is available for business clients with balances of between £500,000 and £5,000,000 and guarantees never to pay a return that is less than the UK base rate. It is currently paying 5.55% gross AER4. James Featherstone, Investec Private Bank, Manchester said, “While the Bank of England has cut the base rate on three occasions during the past year, one month LIBOR has remained high. Business owners, who tend to hold a lot of cash on deposit, should be able to take advantage of this. Unfortunately, these buoyant institutional rates are often only accessible to large organisations and many small and medium-sized businesses will be using accounts linked to the Bank of England base rate. Most of these will have seen their rates cut repeatedly, but this need not necessarily be the case.” To find out more about Investec Private Bank’s unique cash products, visit: www.investecprivatebank.co.uk. 1 The British Bankers Association (BBA) LIBOR is the most widely used benchmark or reference rate for short term interest rates. It is compiled by the BBA and released to the market at about 11.00am each day. LIBOR stands for the London Interbank Offered Rate and is the rate of interest at which banks borrow funds from other banks, in marketable size, in the London interbank market. 2 On August 1 2007 one month LIBOR was 5.91%. On 1 August 2008 it was 5.38%. This represents a drop of 0.53%. 3 The Libor Plus Deposit Account is a one month notice account. The minimum deposit is £500,000 and the maximum is £5,000,000. 4 The Annual Equivalent Rate (AER) is a notional rate, which illustrates the contractual interest rate as if paid and compounded on an annual basis. Interest rates are variable and subject to change. The net rate is calculated as the gross rate subject to lower rate tax. The rate is correct as at 3 September 2008.”
More to follow.
Presidential Mandate
Abel Danger
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.