1 of 1- TraderJay
- Exchanger
Offline - Registered: 3/11/2015
- Posts: 69
Rigging, Lies, and Fines
We've all heard the game is rigged before, so this in no suprise. If they rig something as basic as exchange rates, why should we believe anything the financial powers say.?
Where does all that fine money end up ? It would be nice to know how much in fines since, lets say year 2000, have been levied on financial institutions for being liars and crooks.
See: first article on page............
- TraderJay
- Exchanger
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- Registered: 3/11/2015
- Posts: 69
Re: Rigging, Lies, and Fines
Crickets...................
- •
Thread Starter- Rongone
- Sentient Being
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- From: Keeping Calm, Sailing On
- Registered: 1/31/2015
- Posts: 2,872
Re: Rigging, Lies, and Fines
The fines levied against the banks are a drop in the ocean against their revenues.
What I would like to know is why many of the corporate officers of these financial institutions aren't in some federal prison on fraud charges.
- Jeerleader
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- Registered: 2/04/2015
- Posts: 93
Re: Rigging, Lies, and Fines
Everything is rigged.
Between central bank meddling and HFT algos the markets have no connetion with what used to be called "fundamentals". Technical Analysis today amounts to just knowing what the algos will trip on and acting on that can be condemned as insider knowledge. Doen't matter what market, Equities, Bonds, FOREX, Metals, (especially metals), it's all manipulated.
Today was funny . . . Somebody forgot to tell the computers that the S&P500 was closed today: