Wednesday, May 20, 2015

Currency Market Rigging Confirmed

And most do not even realize it is or was even happening. 

Reality check from these four banks who are paying fines just a drop in the bucket that will not make up for all the profits they made.
 GnS+Research

http://www.kitco.com/news/2015-05-20/Four-Banks-Plead-Guilty-To-Currency-Market-Rigging.html

After pleading guilty to currency-rigging charges, four international banks have been fined a total of $2.5billion.

The guilty pleas and fines from the DOJ have been long-expected. Last year the Commodity Futures Trading Commission fined those banks a total of $1.4 million for market manipulation. In total, the Federal Reserve said the major banks will have paid out more than $9 billion in penalties for manipulating currencies. 

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