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05-20-2015, 12:08 PM
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Senior Member
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Join Date: Mar 2013
Location: Sierras
Posts: 14,151
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Forex Scandal
Five global banks to pay $5.7 billion in fines over rate rigging
Quote:
U.S. banks JPMorgan Chase and Citigroup will pay $550 million and $925 million in criminal fines, respectively, as part of their guilty pleas.
British banks Barclays Plc will pay $650 million in criminal penalties and Royal Bank of Scotland Plc $395 million. Each will plead guilty to one felony count of conspiring to fix prices and rig bids for U.S. dollars and euros in the foreign exchange spot market.
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Quote:
A fifth bank, UBS AG, will plead guilty to rigging benchmark interest rates, the U.S. Justice Department said.
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Guess TARP was not enough to fill their coffers. As usual looks like no imminent prosecution of the culprits either.
http://www.reuters.com/article/2015/...0O51PY20150520
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White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
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05-20-2015, 12:10 PM
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Senior Member
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Join Date: Mar 2014
Location: NE Bamastan
Posts: 11,049
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See how well self regulation works. I'm all for Liz Warren conducting a few perp walks down Wall St.
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I'll believe corporations are people when Texas executes one.
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05-20-2015, 01:51 PM
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Jigsawed
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Join Date: May 2009
Posts: 10,557
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The Banksters gonna find a way that public pay the fines.
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05-20-2015, 01:54 PM
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Senior Member
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Join Date: Mar 2014
Location: NE Bamastan
Posts: 11,049
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Quote:
Originally Posted by Dondilion
The Banksters gonna find a way that public pay the fines.
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Of coures we do, BOHICA!
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I'll believe corporations are people when Texas executes one.
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05-20-2015, 02:06 PM
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Senior Member
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Join Date: Nov 2009
Location: Sonoma County, CA
Posts: 20,496
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Quote:
Originally Posted by Dondilion
The Banksters gonna find a way that public pay the fines.
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They'll write it off their taxes as a business expense.
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Smoke me a kipper. I'll be back for breakfast.
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05-20-2015, 02:11 PM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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What taxes?
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05-21-2015, 08:05 PM
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Senior Member
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Join Date: Mar 2013
Location: Sierras
Posts: 14,151
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Quote:
Originally Posted by merrylander
What taxes?
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It's called an accounting adjustment.
__________________
White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
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05-23-2015, 09:05 AM
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Banned
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Join Date: Nov 2013
Posts: 8,310
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Am I the only one who blames Obama and Congressional Democrats for this shit? We expect Republicans to be blindly pro-business, including pro-banking business. It's a given. But the failure of Obama and the Congress to enact real reforms and regulations (Dodd/Frank is a sick joke), is on the hands of Democrats we elected because they promise over and over not to let the banking industry and corporatists get away with this.
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05-23-2015, 09:25 AM
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Senior Member
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Join Date: Mar 2014
Location: NE Bamastan
Posts: 11,049
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Quote:
Originally Posted by Ike Bana
Am I the only one who blames Obama and Congressional Democrats for this shit? We expect Republicans to be blindly pro-business, including pro-banking business. It's a given. But the failure of Obama and the Congress to enact real reforms and regulations (Dodd/Frank is a sick joke), is on the hands of Democrats we elected because they promise over and over not to let the banking industry and corporatists get away with this.
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The Golden Rule? Those with the gold get to rule, the rest get a golden shower from them. Tinkle down economics in action.
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I'll believe corporations are people when Texas executes one.
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