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On the contrary Matt Taibbi has done some incredible work exposing the out of control culture of fraud and greed in the financial markets and the litany of fixi
by throw2016 9y ago
On the contrary Matt Taibbi has done some incredible work exposing the out of control culture of fraud and greed in the financial markets and the litany of fixing scandals.
Please read his work and make up your own mind.
The Libor fixing is real as is the FX rate fixing. Apologists for the banking system and governments often demand the the smoking gun in fraud and conspiracy even when its not always possible, unless at great personal cost like in Snowden, but here the smoking gun and entire armory is out in the open. Attempting now to discredit the messenger is disingenuous.
- yborg 9y agoYes, especially since the insiders aren't pretending that it's anything but a lever to tip more money into their pockets. It's funny reading comments here with people soberly defending the deep meaning of LIBOR and that civilians like Taibbi just don't get it while traders in the game are saying things like "It's just amazing how LIBOR fixing can make you that much money!"[1] [1] http://www.hitc.com/en-gb/2013/11/01/5-firms-21-astonishing-emails/ http://www.hitc.com/en-gb/2013/11/01/5-firms-21-astonishing-...