Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Wednesday, 18 July 2012
Barclays Faces Trans-Atlantic Scrutiny
Along with an inquiry in London, some of the biggest financial institutions in England are now coming under scrutiny from Washington. Ben Bernanke, chairman of the Federal Reserve, told the US Senate that he could not guarantee that libor rates were no longer being manipulated. Al Jazeera's Barnaby Phillips reports from London.
