Ricken Patel - Avaaz.org <email@example.com> :Big banks have been rigging the interest rates on our mortgages and student loans!
12 juli 2012 06:33
Big banks have been
caught in a massive scam to rig global interest rates, ripping off millions of
people on their mortgages, student loans and more! We'd go to jail for this,
but Barclays bank has only been fined, and just a fraction of their profits!
Outrage is mounting -- this is our chance to finally turn the tide of the banks'
reign over our democracies.
Big banks have been rigging the interest rates on our mortgages
and student loans! They've finally gone too far. The EU finance regulator is
bringing new laws to put bankers behind bars for these crimes but needs
popular support to face down the banking lobby and bring global change -- let's
get 1 million people to stand with him in the next 3 days:
The EU finance regulator, Michel Barnier
is standing up to the powerful bank lobby and championing reform that would
put bankers behind bars for fraud like this. If the EU goes first,
accountability could quickly spread across the globe. But the banks are
lobbying hard against it, and we need a massive surge of people power to drive
these reforms through.
If we can get 1 million people to stand with
Barnier in the next 3 days, it will give him momentum to face down the
banking lobby and push governments to bring reform. Click below to sign, and our
growing numbers will be represented by adding mock bankers to a jail right in
front of the EU Parliament:
full scale of the scandal is still unknown, but what we know is
breathtaking: "Several" unnamed major banks were involved, and the rigging
of the LIBOR interest rate, the rate on which many of the world's interest rates
are based, affected the value of literally hundreds of trillions of
dollars in investments. Barclays alone has admitted to committing this fraud
"hundreds" of times.
For too long, our governments have been cowed by
powerful banks who threatened to move elsewhere if challenged. For too long,
banks have manipulated our market economies, tilting the playing field in their
favour, and engaging in reckless risk-taking, secure in the knowledge that they
could force governments to hand them our taxpayer money when they got into
The system is rigged, and that's a crime. It's time to put the
criminals behind bars for it. It starts in Europe -- let's make it happen:
may never have been a time in modern history when the big banks didn't have
excessive and extraordinary power that they regularly abused. But democracy is
on the march -- we've seen this march overcome tyrants across the world, and
together, we'll help end the reign of the banks as well.
Ricken, Iain, Alex, Antonia, Giulia, Luis, and the entire Avaaz
P.S. -- Last week 94,000 people joined Avaaz member David R.'s
campaign against foul-play in the Mexican elections which he launched on the new
Avaaz Community Petitions platform. Get support for the things you care strongly
about by starting your campaign here: http://www.avaaz.org/en/petition/start_a_petition
FSA’s Turner Says Banks Culture One of ‘Cynical Entitlement’
Barclays Libor scandal: how can we change banking culture? (The
Barclays just the tip of the iceberg as banking braced for more scandals
rotten heart of finance: A scandal over key interest rates is about to go global
Reforms after the Libor scandal (Financial Times)
EU's Barnier pushes for criminal sanctions for Libor abuse
Seeks to Widen EU Rules to Bar Libor Manipulation (Business Week)
Avaaz.org is a 14-million-person global
campaign network that works to ensure that the views and values of the
world's people shape global decision-making. ("Avaaz" means "voice" or "song" in
many languages.) Avaaz members live in every nation of the world; our team is
spread across 19 countries on 6 continents and operates in 14 languages. Learn
about some of Avaaz's biggest campaigns here, or follow us on
Facebook or Twitter.
You are getting this message
because you signed "Gaza:
investigate the raid, end the blockade" on 2010-06-10 using the email
To ensure that Avaaz messages reach your
inbox, please add firstname.lastname@example.org to your address book. To change your email
address, language settings, or other personal information,
or simply go
here to unsubscribe.
To contact Avaaz, please do not reply to
this email. Instead, write to us at www.avaaz.org/en/contact or
call us at +1-888-922-8229 (US).