Tuesday, October 7, 2014

No way, The Banks Have Been Manipulating Curreny Exchanges? I Can't Believe That.

Said no one ,ever.

Justice Department to reportedly charge banks, individuals over currency manipulation

The Justice Department is planning to investigate and charge several of the world's largest banks with crimes connected to the manipulation of currency exchanges, according to a published report.

According to The New York Times, federal prosecutors are planning to indict individual bank employees for currency manipulation, using instant messages as evidence. That is in contrast to recent investigations into securities-backed mortgage trading, which ended in multi-million dollar fines being paid by the banks themselves.

The Times reports that approximately a dozen financial institutions under investigation, including Deutsche Bank, Citigroup, JP Morgan Chase, Barclays, and UBS. Charges are expected to be filed against at least one bank before the end of the year, with several expected to plead guilty.

The Times also reports that any individuals charged in connection with currency manipulation would likely be traders and their immediate superiors, as opposed to chief executives of firms.

If this farcical 3 ring circus act wasn't so pitiful it would be comical.
You want to get serious about this bullshit?
Audit every financial institution on the planet clear down to their toilet paper purchases and then start throwing entire company boards in jail all at once, then start working your way DOWN, instead of starting at the bottom with the petty actors and working up.

These people are well aware of what is going on on their watch because if they weren't, the rate of mass firings would be making the headlines instead of this.


  1. I'm shocked, shocked I tell you.

  2. Did you say FEDERAL Prosecutors along with names such as J P Morgan, Chase, UBS, Citigroup, Barclays, and Deutche? Good luck with that. How about the Federal Prosecutors going after the Federal Reserve? Oh, good luck with that too


Opinions are like assholes, everyone has one, some peoples stink more than others too. Remember, I can make your opinion disappear, you keep the stink.

Fair Use Notice

Fair Use Statement: This site may contain copyrighted material, the use of which may not have been authorized by the copyright owner. I am making such material available in an effort to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. I believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: “http://www.law.cornell.edu/uscode/17/107.shtml” If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.