Well, they got caught, Barclay, the Bank of England manipulating the interest rate of the London Inner Bank Offer Rate (LIBOR). This is the rate charged for borrowing between banks internationally.

If you have an adjustable rate mortgage there is a good chance that the LIBOR is the index from which your interest rate is set.

Another example of the lack of regulatory oversight by banking regulators.

It's also an example of the cultural attitudes favoring profits over social responsiblity, over the integrity of our financial systems and what illegal activities seem to be an acceptable risk for profit.

For those who would like to see government(s) get out of business and stop regulating or enforcing rules, here is a good example why people and corporations can not be trusted to regulate themselves.....people cheat if they can!

And yes, there is a connection between the people responsible for this rate manipulation and that certain person seeking the Presidency, that said, this is not to point out any political issue, please let's not go there, the subject is the ramifications of the rate manipulation and rates going up for credit cards as well as mortgages or other consumer credit matters.

So, how do you hedge against a rigged system? Do you think any heads will role? Will you be calling your lender about rate adjustments?