Presidential Field Links Sister’s Diamond Libor Fraud to Rico and Doctrine of Odious Debt

Presidential Field McConnell has linked Libor frauds, allegedly executed by his sister, Kristine Marcy, and Bob Diamond, on the U.S. Department of Justice’s Asset Forfeiture Fund, to the Rico* predicates needed by the United States to invoke the Doctrine of Odious Debt and repudiate Libor debt.

Rico = Racketeering influenced and corrupt organization.

McConnell claims that his sister and her erstwhile U.K. counterpart, Theresa May, have operated a global protection racket since the introduction of Libor and Asset Forfeiture funds in 1984 after which time global Rico leaders could avoid jail by buying influence through equitable sharing of civil fines with politicians and law enforcement officers.

See #1 and Bookend:
Abel Danger Mischief Makers - Mistress of the Revels - 'Man-In-The-Middle' Attacks

Prequel:
Marine Links Marcy-May Libor Protection Racket to Holder’s 9/11 Forfeiture Fund

“Barclays Executive Bob Diamond Also Resigning From Mitt Romney Fundraiser”


“Part 2 of 5 - 911 Truth, Crown Agents, City of London, Twisted Sisters”


“Wealthy investment bankers are great fundraiser hosts during your campaign for president—unless they just resigned in scandal. Chief executive of Barclays Bob Diamond, who stepped down this week after revelations that Barclays Capital was trying to hide losses at the bank from national regulators, has also bowed out of co-hosting a high-priced fundraiser in London for Mitt Romney. The fundraiser, reportedly costing between $25,000 and $75,000 a ticket, would have also featured the GOP candidate, who is visiting Britain for the opening ceremonies at the London Olympics. A Romney spokesperson said that they respected Diamond’s decision “to focus all his attention on Barclays.” Diamond, one of the highest-paid executives in Britain, resigned Tuesday under political pressure and pressure from shareholders. His multinational banking company is also paying a $453 million settlement after regulators discovered traders tried to secretly adjust a key inter-bank lending rate to hide funding difficulties and pad the pockets of certain traders. Video by Dallas Jensen. http://www.slate.com/blogs/trending/2012/07/03/barclays_executive_bob_diamond_also_resigning_from_mitt_romney_fundraiser.html?wpisrc=obinsite”

“Robert Edward "Bob" Diamond, Jr. (born July 27, 1951) is an American banker and former Group Chief Executive of the British bank, Barclays Plc. He was Chief Executive of Corporate & Investment Banking and Wealth Management, comprising Barclays Capital, Barclays Corporate and Barclays Bank. Diamond was Executive Director of the Boards of Barclays Plc and Barclays Bank Plc and had been a member of the second largest British-based banking group's Executive Committee from September 1997 until July 2012. He joined the firm in the summer of 1996. Bob Diamond was voted the 37th in the New Statesman’s annual survey of the world's 50 most influential figures Who Matter 2010. From October 1, 2010, Diamond became Deputy Group Chief Executive. He succeeded John Varley as Group Chief Executive on January 1, 2011. Diamond resigned as chief executive of Barclays on July 3, 2012, following controversy over alleged fixing of Libor interest rates by traders employed by the bank. .. He finished his schooling from Concord-Carlisle High School in 1969 and in 1973, graduated in B.A., Economics with honours from Colby College, Maine. He was a member of the Phi Delta Theta fraternity at Colby.”

“Barclays pays $453 million fine to settle Libor probe … Thomson Reuters Corp is the British Bankers' Association's official agent for the daily calculation and publishing of the Libor rates. A spokeswoman for the company declined to comment. LONG-RUNNING PROBE Barclays, in a statement, said the settlement related to past actions that fell "well short of the standards" the bank sought to uphold for its business. "I am sorry that some people acted in a manner not consistent with our culture and values," Barclays Chief Executive Bob Diamond said, adding that he and three other top executives had agreed with the company's board that they would not receive bonuses this year. Barclays regularly reported borrowing rates lower than the rates it was actually paying during the financial crisis in order to mask its distress, according to a statement from the U.S. Commodity Futures Trading Commission on Wednesday. Damning emails that regulators released on Wednesday make clear that traders and the "submitters" tasked with reporting daily rates worked together for years to make the rates submitted suit the traders' and the bank's purposes. In some cases, submitters set themselves reminders on their calendars to submit low rates on certain dates, according to the emails. In others, traders expressed overwhelming gratitude for low submissions that protected them from losses. In one communication released by the CFTC, a Barclays employee concedes that borrowing costs are actually higher than what the Libor rates show. The "true cost of money is anything from 5-15 basis points higher," the employee said. A percentage point is equal to 100 basis points. The CFTC ordered the bank to pay a $200 million penalty, saying it was the largest civil monetary penalty it has ever imposed. Barclays also settled with the U.S. Department of Justice and the UK's Financial Services Authority and will pay fines of $160 million and $92.8 million, respectively. The FSA fine was also a record. The Department of Justice said Barclays was the first bank being probed "to provide extensive and meaningful cooperation to the government," adding that the bank's assistance had aided its criminal investigation. .. OTHER PROBES As well as the FSA and CFTC, other authorities probing Libor manipulation include the European Commission and Japan's Financial Services Authority, as well as the Canadian Competition Bureau. Other banks involved in the probe include Citigroup, HSBC, Royal Bank of Scotland”

“POTUS Field McConnell 2012 … REMIND our Allies that to obtain preferred trading status with the United States, they will be expected to invoke the Doctrine of Odious Debt and withdraw their public funds from predatory custodians of the London-based Carbon Disclosure Project. A President McConnell will eliminate the Federal Reserve and begin using the North Dakota model to re-establish State Banks to prohibit debts incurred that are not in the interest of that State.” Presidential Mandate http://www.presidentialfield.com/vote"



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