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I think you have to complete the thought. What kind of scenario are you proposing. The accusation is that banks were manipulating an index to make their positi

I think you have to complete the thought. What kind of scenario are you proposing. The accusation is that banks were manipulating an index to make their position more profitable at the expense of the client. I don't see how the potential collapse of some third party (a nation) changes this. Surely you're not saying, hey Bank A ripped of Customer C but that's only because we didn't know if Greece was going under. You seem to be suggesting that somehow a government might have let the bank do it to save themselves? I am not sure.

benj111 8y ago
There isn't a lot of detail in the Reuters article. Your comment: "The accusation is that banks were manipulating an index to make their position more profitable at the expense of the client" Isn't mentioned in the article, do you have a better source? Given that lack of detail, there is potentially a reasonable explanation. I'm only suggesting this in extremis, your quote above wouldn't pass that test by a long way. 2008 might. Eg if regulators asked banks to hold off selling Greek bonds for 48hrs to avoid trashing the price, while they sorted out a rescue deal. Trying to avoid at the same time, a domino effect on Italy, Spain, Ireland and Portugal..... As I wrote in a different comment. The regulations are supposed to bring stability to the market. If the regulations stop doing that, they should be revisited.