six top banks fined $US6bn rigging fx, Libor, page-8

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33,865 Posts.

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22/05/15

05:30

Post #: 15328566
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Originally posted by AndyIgo ↑

Hi All4One and all,

You make a good point whilst the governments appear to accept their part in the various banking scams by accepting the fines it certainly rounds off the current laundry system.

We can only hope that one day the regulators wake up and replace these fines with some serious porridge time. At that point I don’t suppose many of the politicians will require their share in the wrong doing payout!

It seems strange to me that in these days when one can be found guilty of planning rather than implementing a particular crime that a bank telegraphing a future crime by setting aside the fine money is treated so differently.

Still I doubt we can expect any change here these days. Not when the Americans show us they can place a missile into a particular buildings smoke vent but can’t find a five acre field of bright red poppies to hit with a dose of Roundup!

If we choose to continue to play the game at least being wise to the fact that the playing field is tilted can be used to one’s advantage. Keep researching and sharing as it’s our one and only chance in this current corrupt system.

Cheers and very best regards: Andy

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Hi Andy,
Perhaps a little diversification from lumps of non-interest bearing yellow metal may have alleviated your current predicament.
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six top banks fined $US6bn rigging fx, Libor, page-8

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