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OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Wall Street Rigging Currency Exchange Rates Too

Wall Street Rigging Currency Exchange Rates Too

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PurpleSkyz

PurpleSkyz
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Wall Street Rigging Currency Exchange Rates Too
June 15th, 2013
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In case you forgot your bankster overlords – freeWall Street Rigging Currency Exchange Rates Too Icon1 of fear thanks to Obama, Holder, and the NSA – are continuing to rig markets, here is yet another scandal. Wall Street has gone beyond rigging LIBOR, Swaps, and the Oil market to include the currency market.
Traders at some of the world’s biggest banksWall Street Rigging Currency Exchange Rates Too Icon1 manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice.
Employees have been front-running client orders and rigging WM/Reuters rates by pushing through trades before and during the 60-second windows when the benchmarks are set, said the current and former traders, who requested anonymity because the practice is controversial. Dealers colluded with counterparts to boost chances of moving the rates, said two of the people, who worked in the industry for a total of more than 20 years.
http://ozhouse.org/2013/06/15/wall-street-rigging-currency-exchange-rates-too/

Thanks to: http://investmentwatchblog.com



  

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