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The global financial system is an ecosystem with very few silo-ed actors. These institutions have settled market rigging accusations in every market that any r
by gammateam 8y ago
The global financial system is an ecosystem with very few silo-ed actors.
These institutions have settled market rigging accusations in every market that any relevant government can weasel jurisdiction in.
It is personal enrichment, it is common practice, it is a kickback to the government, the normal rules are never clarified fast enough to keep up with the new markets, the rules can be changed if the banks want, settling a decade later isn't a deterrent, imagine what they are doing in 2019 right now that we won't hear about until 2030.
I'm agreeing with you.