gold, page-25279

Hi 23Skidoo and all,

I’m not sure how much credibility you can place on someone defending the banking system over recent years. We know their system is to privatise all profits and hand all losing bets onto the Tax Payer but a holier than thou attitude just doesn’t wash with Mr’s Igo’s little boy.

I guess there are exceptions to every rule I know of a few quite successful traders that post in here that often make good money with their trades.

If the (some) banks and their traders are not bent and corrupt or exploitative how come so many of them keep getting fined and more than a few are currently still doing porridge in the USA, Iceland (29,) Ireland and Europe.

My memory is not the best but was it not a well-controlled and regulated bank trader by the name of Nick Leeson that brought down Barings one of the oldest merchant banks in London. Apparently Betty Windsor was not amused a she banked with them along with Coutts.

“Barclays slapped with 26 million pounds fine over gold price fix.”

http://uk.reuters.com/article/uk-barclays-regulations-gold-idUKKBN0E30UV20140523

“Gold and silver prices: The next bank rigging scandal?”

“US authorities open investigations into banks including HSBC and Barclays over possible rigging of precious metals benchmarks.”

copyright link/finance/newsbysector...ver-prices-The-next-bank-rigging-scandal.html

“Deutsche Bank Pays $60 Million To Settle Gold-Manipulation Lawsuit”

http://www.zerohedge.com/news/2016-...s-60-million-settle-gold-manipulation-lawsuit


Cheers and very best regards: Andy