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For some reason, Bloomberg seemed amazed that the public yawned at the guilty plea: http://www.bloomberg.com/news/articles/2015-05-20/once-unthinkable-criminal
by randomname2 11y ago
For some reason, Bloomberg seemed amazed that the public yawned at the guilty plea:
http://www.bloomberg.com/news/articles/2015-05-20/once-unthinkable-criminal-pleas-by-u-s-banks-get-investor-meh- http://www.bloomberg.com/news/articles/2015-05-20/once-unthi...
Quote: "For all the muted response to Wednesday’s news, Donaldson Capital Management LLC’s Greg Donaldson expressed concern that criminal charges may now become routine. “Once you cross that line and admit you’ve done something bad, you open up Pandora’s box,” said Donaldson, chairman of the Evansville, Indiana-based firm that manages about $1.1 billion. “This settlement just moved the goal post.”
If convictions become too commonplace, the government may have to pursue even tougher penalties. "
No wonder the public yawns at this though. Here's Zerohedge listing all confirmed rigged markets:
Libor - interest rates: http://www.zerohedge.com/news/shocking-details-barclays-epic-lie-bor-fraud-duuuude%E2%80%A6whats-ur-guys-345-3m-fix%E2%80%A6tell-him-get-it http://www.zerohedge.com/news/shocking-details-barclays-epic...
ISDAfix - swaps: http://www.bloomberg.com/news/articles/2013-04-14/banks-drop-off-isdafix-panel-amid-rate-rigging-probes http://www.bloomberg.com/news/articles/2013-04-14/banks-drop...
Platts - oil prices: http://www.zerohedge.com/news/2012-10-09/libor-gate-comes-crude-total-exposes-price-fixing-energy-market http://www.zerohedge.com/news/2012-10-09/libor-gate-comes-cr...
JP Morgan / BP - FX: http://www.zerohedge.com/news/2014-12-30/rigging-triangle-exposed-jpmorgan-british-petroleum-bank-england-cartel-full-frontal http://www.zerohedge.com/news/2014-12-30/rigging-triangle-ex...
WM/Reuters - FX: http://www.zerohedge.com/news/2013-06-11/wmreuters-busted-latest-market-rigging-and-collusion-scandal-foreign-exchange http://www.zerohedge.com/news/2013-06-11/wmreuters-busted-la...
High-Frequency Trading - equities: http://www.zerohedge.com/news/2013-06-11/hft-stock-manipulation-action http://www.zerohedge.com/news/2013-06-11/hft-stock-manipulat...
UBS - gold: http://www.zerohedge.com/news/2014-11-09/another-conspiracy-theory-bites-dust-ubs-settles-over-gold-rigging-many-more-banks-f http://www.zerohedge.com/news/2014-11-09/another-conspiracy-...