Is LIBOR the Death of the "Conspiracy Theory" putdown...

[Junkdrawer]

To wit:

"Do you have any idea how silly you sound? Do you know how many people would have to be involved in openly breaking the law?"

Not that all "conspiracy theories" are true - indeed I think many of the most outlandish are created to divert attention from real, active conspiracies.

But the out-of-hand dismissal of all conspiracy is just as silly as an Illuminati theory. Read the emails in the LIBOR scandal:

http://www.guardian.co.uk/business/2012/jul/09/paul-tucker-libor-emails-ratefixing?newsfeed=true

It's always a question of motive and non-regulation.

[orwell]

1. It's only a conspiracy...

...if it's proposed by the left.

[Zalatix]

2. The scope of the LIE-BOR scandal is too great to believe.

$800 trillions dollars? That's about 13 times greater than the whole world's GDP!

Oliver Stone wishes he dreamt this up.

[Junkdrawer]

3. As Matt Tabbai put it, LIBOR is at the heart of the financial universe....

it would be hard to find a financial instrument of any sort that isn't at least indirectly affected.

[nadinbrzezinski]

5. That's why when it broke my mind just reeled

[JHB]

11. It's also something that's pretty much impossible for one institution to monkey with...

...due to the mechanics of how it's figured, an outlier would get tossed out. To manipulate it, just about all of the institutions involved have to be doing it.

[Junkdrawer]

12. Yep. I think many suspect Governments encouraged this....

as a way of helping banks "earn" their way out of the 2008 Crisis.

If by "earning" they mean "Allow Peter to rob from Paul because we need Peter".

[Melissa G]

6. Link to scope of LIBOR?

Sorry, I'd like to follow this, but have been off line lately. Do you have a more comprehensive link than the one posted?
Thanks,
Melissa

[Junkdrawer]

7. Here's a link to Matt's article....

http://www.rollingstone.com/politics/blogs/taibblog/why-is-nobody-freaking-out-about-the-libor-banking-scandal-20120703

[midnight]

14. Is former Barclay's CEO ,Bob Diamond, Jamie Diamond's relative?

[truebrit71]

19. No. The Chief Dick in charge of JP Morgan Chase is Jamie Dimon...

...a person that deserves to spend an eternity with desperately itchy balls and no arms...

[Melissa G]

21. Thanks! I'll check it out!

[nadinbrzezinski]

4. Yes and no

Since we have entered into the legal definition of it!

[salib]

8. Doubtful. If MKUltra did not cause this death

LIBOR has little chance.

Good reference (humorous tool): http://www.cracked.com/blog/five-fun-facts-about-the-cia-and-lsd/

[Junkdrawer]

9. At least it should take a long vacation....

perhaps a cruise of Italian ports....

[midnight]

10. Was this scandal released via wikileaks,emails, and possibly why the United States bankers wanted

Julian Assange put out of business via a sex scandal the way they put "Sheriff of Wall Street" Eliot Spitzer out of business?

[TrollBuster9090]

13. Personally, I've never seen the 'conspiracy theory put down' used in reference to:

1. Professional wrestling being fake,
2. Anderson Cooper being gay,
3. Figure Skating judges colluding to let the Russians win, or
4. The financial industry colluding to fix prices.

Those things qualify as just common sense. They can't be dismissed as merely crackpot conspiracy theories.

[Huey P. Long]

15. Careful, the law and order crowd will make fun of you and you will get your post hidden or locked.

[JDPriestly]

16. Anyone who just rejects an explanation as a "conspiracy theory"

doesn't know much about history or about crowd behavior. Everybody reads Shakespeare's Julius Caesar in high school.

"Et tu, Brute."

http://en.wikipedia.org/wiki/Et_tu,_Brute%3F

Conspiracies happen. And they aren't always discovered until long after they have happened.

[Jackpine Radical]

17. Shouldn't this thread be in the Conspiracy forum?

[Junkdrawer]

18. Maybe I can force a Meta-Conspiracy forum....

[Jackpine Radical]

22. I never meta

conspiracy theory I didn't like.

[just1voice]

20. I've always considered myself a conspiracy realist

There are plenty of real conspiracies without inventing new ones.