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These Five Banks Are Going to Burn
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
wealthwire.com / By Adam English / August 7, 2012
So far, British lender Barclays has been the only bank to admit wrongdoing in the LIBOR scandal, but we’re just getting started. Lawsuits are now coming from local, state and national governments. Major financial institutions will undoubtedly jump on the bandwagon and a lot of money is going to change hands.
How massive you wonder? $7.8 trillion in potential litigation settlements. Check out this chart of estimated penalties from Morgan Stanley. Thanks to Bherd for pulling this chart out of the report.
Thanks to BrotherJohnF
2012-08-07 15:37:46
Source: http://silveristhenew.com/2012/08/07/these-five-banks-are-going-to-burn/
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