U.S. regulator sues 16 banks for rigg...

U.S. regulator sues 16 banks for rigging Libor rate

There are 1 comment on the The Hartford Courant story from Mar 14, 2014, titled U.S. regulator sues 16 banks for rigging Libor rate. In it, The Hartford Courant reports that:

The Federal Deposit Insurance Corp sued 16 of the world's largest banks on Friday, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate.

Join the discussion below, or Read more at The Hartford Courant.

Since: Nov 13

Sydney, Australia

#1 Mar 15, 2014
And what about eBay’s non-FDIC insured “pretend” bank,“PreyPal”?

Johnny Ho and eBay:“Westfield Ho”…

In their justified complaints about the way eBay is treating them, many eBay merchants overlook the most material point: ultimately, eBay does not want them as sellers on its marketplace. It has been clearly stated that Johnny Ho’s dream is to turn eBay into the online “Westfield Mall” for the “leading retailers, brands and manufacturers of the world”. Realistically, that is unlikely to include the great majority of merchants presently selling on eBay.

Further, these sellers are wrong in thinking that, just because they pay fees to eBay, they are eBay’s “true customer”: eBay now is principally—and desperately—interested only in retaining the goodwill of buyers because it is by the numbers and goodwill of those buyer that the Ho hopes (in his dreams) to attract and retain his “preferred” merchants …

Whether sellers like it or not, that is Johnny Ho’s stated plan; whether he can succeed in his dream, with the ever worsening reputations that both eBay and “PreyPal” are developing, is doubtful; will he destroy the eBay marketplace as we know it along the way? Probably. But, such destruction is of no concern for the Ho and his gaggle of feathered friends with whom he runs around in circles all day in the eBay executive suite: they have all well provisioned their lifeboats for the possibility of a foundering. The real question is, are all the small–medium sized merchants that are still trying to sell on eBay yet making their plans for the post-foundering time, and are they now wearing their lifejackets 24/7?

I doubt even Carl Icahn can save eBay now and he probably would not change much anyway, but, regardless, it’s fun watching Icahn make Johnny Ho squirm in the meantime …

Regardless, it’s nigh on impossible to keep a track of all the deceptiveness, deviousness and unscrupulousness, or indeed, the criminal activity, of eBay Inc.; their amoral activities are so pervasive; one can only generalize and describe eBay as an equal opportunity fraudster: they will directly defraud, or will directly and indirectly aid and abet others to defraud, whoever they can, whenever they can, as long as they too can profit from such fraud. Indeed, eBay is demonstrably probably the most unscrupulous commercial entity on the planet; anyone that contracts to do business with eBay does so at their peril … http://bit.ly/11F2eas

The ugly reality of eBay Inc.:
eBay's crooked auctions marketplace ... http://bit.ly/11F2eas
eBay Motors (UK sampling): Auction Fraud Galore ... http://bit.ly/I2gTEU
eBay Motors XSS Redirect Scams in Action: video ... http://bit.ly/1d46NvE
eBay/Gumtree / Barclays Bank Motors Scams … http://bit.ly/1c9Uwck
eBay's clunky, unscrupulous "PreyPal" ... http://bit.ly/UVXx53
The ongoing joke of eBay Inc.... http://bit.ly/YvxFEg
Fun quotes from the eBay executive suite ... http://bit.ly/12xvzyA

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