The LIBOR rigging scandal was the event that convinced the world to change the way interbank rates are set using an ARR mechanism and the WATERfall methodology.
But, should weWatch the WATERas well? Because it is awfully suspicious that the WEForum calls for Capitalism to be replaced in 2021 which lines up with the timetable for implementing the replacements for all the IBOR systems worldwide.
And that is not all that is suspicious…
Adam Lanza‘s, the Newtown, Connecticut school shooter, father is Peter Lanza. The senior Lanza is a Vice President and Tax Director at GE Financial.
The father of Aurora Colorado movie theater shooter James Holmes is Robert Holmes, the lead scientist for FICO, the credit score company.
Both fathers were set to testify in front of the American Senate about the Libor scandal.
The odds of both Aurora and Newtown connected to one of the largest financial scandals historically is slim. The connection is leaving some to wonder where the shooters got their training. Others wonder if there was a subplot involved which permitted the young men to do what they did.
The links between the Aurora massacre and the one in Newtown could have deeper ramifications for individuals involved in the Libor scandal.
Or not.