School children are being encouraged by HM Revenue and Customs to tell their teachers if they know of anyone "in their local area" who is not paying their fair share of tax. [Meanwhile:] Billionaires’ Superyachts Dock in Thames for Olympic Games...

One-on-One with Paul Craig Roberts #2: Former Assistant Treasury Secretary Paul Craig Roberts says, “The last thing the banks want is a rise in interest rates that would drive down the values of their holdings and reveal large losses masked by rigged interest rates.” The Libor rate rigging scandal was all about keeping the financial system and the big banks from failing. Forget prosecuting the perpetrators because Roberts says, “The minute those interest rates go up, the loss to people will just dwarf the interest rate loss.” Fraud is now part of the system that keeps it from crashing. Roberts has a PhD and was responsible for economic policy at the Treasury. He says, “We are probably headed for a crash anyway because I don’t think they can maintain this forever.” Join Greg Hunter as he goes One-on-One with Paul Craig Roberts. [Video]

Paul Craig Roberts: The Libor Scandal In Full Perspective
Paul Craig Roberts: The Real Libor Scandal ~ Paul Craig Roberts and Nomi Prins

A number of banks are being investigated and could face sanctions after Barclays was fined £290m ($450m) for trying to manipulate interest rates at which banks lend to each other. - Regulators in Europe, the US and Asia have said that investigations into other banks are "ongoing". The UK's Financial Services Authority said the early signs were that Barclays had not been the only firm involved. Barclays has said its actions "fell well short of standards". Its traders lied to make the bank look more secure during the financial crisis and, sometimes - working with traders at other banks - to make a profit. Chief executive Bob Diamond and three other top executives at the bank are to give up their bonuses this year.

Secret Service to enforce Trespass Act in Britain? - Athletes from around the globe are now in London for the 2012 Summer Olympics, but sports stars and spectators aren’t the only ones arriving. The US is sending its top spies from the CIA, FBI and other agencies to aid UK authorities during the games.

British security officials have joined forces with America’s top federal intelligence agencies to establish a "threat integration center" in the UK. Experts with America’s Central Intelligence Agency, Federal Bureau of Investigation and National Counterterrorism Center (NCTC) are teaming up with British security officials from Scotland Yard, MI-5 and MI-6 to identify and analyze potential threats that could target the games, set to begin this Friday. They will operate out of a temporary headquarters in the US Embassy in London.

The threat integration center is reported to have officially opened up on Wednesday. Speaking on condition of anonymity, sources talking to ABC News claim that around 50 FBI agents are involved in UK operations. The US Secret Service will also be in London to provide security for athletes and dignitaries attending the festivities, which could open international protesters demonstrating the either American athletes or US policy to be subject to HR 347.

Al-Qaeda militants and other Sunni extremists are becoming a greater and greater part of the conflict in Syria, just as the US officially announced it was abandoning any pretense of a diplomatic approach in favor of toppling the regime through proxy rebel groups. - “The evidence is mounting that Syria has become a magnet for Sunni extremists, including those operating under the banner of Al Qaeda,” reports the New York Times. “The presence of jihadists in Syria has accelerated in recent days in part because of a convergence with the sectarian tensions across the country’s long border in Iraq.” According to one US intelligence estimate, as many as a quarter of the 300 rebel groups in Syria may be fighting under the banner of al-Qaeda, says Rep. Mike Rogers (R-MI), chairman of the House Intelligence Committee.