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I guess Elizabeth and Bernie know what


Posted: May 20, 2015

Citicorp, JPMorgan Chase & Co., Barclays PLC, The Royal Bank of Scotland plc and UBS AG – have agreed to plead guilty to felony charges. Citicorp, JPMorgan Chase & Co., Barclays PLC, and The Royal Bank of Scotland plc have agreed to plead guilty to conspiring to manipulate the price of U.S. dollars and euros exchanged in the foreign currency exchange (FX) spot market and the banks have agreed to pay criminal fines totaling more than $2.5 billion. A fifth bank, UBS AG, has agreed to plead guilty to manipulating the London Interbank Offered Rate (LIBOR) and other benchmark interest rates and pay a $203 million criminal penalty, after breaching its December 2012 non-prosecution agreement resolving the LIBOR investigation. On Wednesday, the worst of the trading abuses came to light as four of the world’s biggest banks based in the U.S. and Britain agreed to pay record fines totaling over $5 billion after pleading guilty to criminally manipulating global currency market over a period of more than five years beginning in 2007. I guess the Republicans haven't been interested as they have too much vested interested in these banks. http://www.washingtontimes.com/news/2015/may/20/5-major-banks-guilty-currency-manipulation/ http://www.politicususa.com/2015/05/20/big-banks-fined-billions-currency-manipulation.html#.VV0pOa--F2A.facebook;

Investigation began in 2007. Should permanently end "Thanks, Obama" blaming for inflation - Julia Sugarbaker

[ In Reply To ..]
If they want to complain about Obamacare of AFTA, I'm with them.

But the time for blaming Obama for things like inflation - which he had absolutely nothing to do with (and was manipulated before he was ever in office) - is now officially over.

When even the Wall Street Journal reports things like this are true?

There's just no way to spin it, anymore:)

http://www.wsj.com/articles/global-banks-to-pay-5-6-billion-in-penalties-in-fx-libor-probe-1432130400

Sure, the BANKS are pleading guilty. Didn't know they could speak! - Truthhurts

[ In Reply To ..]
What about the CEOs? They aren't pleading anything and they aren't being fined or losing their jobs, are they? They get a free pass to do it again if they want. Yet, they're the ones that allowed this currency manipulation to happen.

In reality, who pays? The shareholders. People like you and me.



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