The Federal Reserve Bank of New York (“New York Fed”) has released a movie script like version of their role in the Libor crime syndicate, except the movie is incredibly boring and reads out more like a deposition transcript for the robbery of actuarial figures from insurance company offices but nonetheless, it is an elaborate work of fiction, as the New York Fed takes painstaking measures to document and release a formal response to cover its own ass.

Of course, Barclays is engineered as the sacrificial lamb, but the Fed is hamming it up by playing along as some sort of objective market participant that’s carefully overseeing all the little hiccups occurring in 2007, where numerous inquiries and warnings were sent by the New York Fed to all sorts of parties, but of course it was too little, too late.  Among the alarms the New York Fed supposedly picked up involved the Libor reporting rate, and Barclays was a bank that was questioned due to its reporting of its rate. Thus, an analyst in the New York Fed Markets group asked a Barclays employee about their Libor reporting problems.

The New York Fed learned that Barclays was under reporting its rate to avoid being stigmatized by other participating banks, and stated further that other banks were doing the same – you see, by keeping rates high it indicated that the bank had less easy, cheap money to play with which would slow down the betting action, so banks like Barclays were under reporting their rates to keep the bets going and the markets crashing out of control because it was going too fast.

This eventually led to a broader investigation, as senior Fed officials were later reformed and met as to what steps can be undertaken, and action was taken with US agencies and on May 6, 2008, US Treasury Officials were apparently debriefed on the situation. On June 1, then New York Fed President Timothy Geithner then notified the Bank of England via email as recommendations on how to handle Libor.

In a nutshell, the New York Fed found out, asked around, notified US politicians, then appropriately went to the UK to warn about a London based interest rates to the association that handles that specific rate (thanks to Zerohedge on gathering the data so timely – they provide all files related to the story in pdf format, and the list is extensive. Find the source story as well as the links to the pdfs HERE).

However, that’s the script, and I’m not buying it. Look, very few organizations are that uh, organized, that coordinated and that capable to pull off something like a conspiracy, but the banking cabal can, and have, for a very, very, long time, along with the other cabals.

This could very well be a backup, a plan B or C should things hit the fan – sacrificial lamb strategies are a typical tactic of the conspirators, and they love using that to placate the masses while the agenda continues. Barclays is emerging as the sacrificial lamb right now, so they’re trying to hit all cylinders to keep it that way. The problem with that strategy is that admitting Libor fraud means admitting that ALL THE BANKS are in the fraud, because that’s like saying an inferno burned only one section of a neighborhood down when the blaze hit the entire city.

Another alternative is that this is the beginning of infighting, which is also a possibility. Look, as the money is running dry and as countries are refusing to accept US dollars (go overseas to Asia and see how much they want our Western Rothschild/Rockefeller fiat currencies), the criminals are beginning to eat each other alive over ever dwindling resources. It doesn’t matter if you’re a Bush, a Clinton, a Rockefeller, Rothschild or a Ratzinger, you need money to keep the machine going, and that’s what they’re running out of. So what do you do? You steal it, including from each other, so you start fighting.

Neither scenario bodes well for the criminals. Always remember the continual leaks emerging. The Fed is accountable to no one. Google the megalomaniac things said by the bankers and you’ll understand their arrogant mentality. Now the Fed is releasing documents to the public? Right, the Fed doesn’t volunteer that. They’re trying to cover themselves.

They’re afraid.