OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» 36 Million Families to Stop Receiving Monthly Child Tax Credit Payments in January
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyToday at 6:11 pm by bigdog2aton

» Mysterious town in Japan is obsessed with UFOs and aliens
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyToday at 1:31 pm by PurpleSkyz

» Martin Luther King, Jr. I Have A Dream Speech
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyToday at 12:20 pm by PurpleSkyz

» Myocarditis Tops List of COVID Vaccine Injuries Among 12- to 17-Year-Olds, VAERS Data Show
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyToday at 12:14 pm by PurpleSkyz

» Non-Jabbed Father Stripped of Visiting Rights by Judge
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyToday at 12:11 pm by PurpleSkyz

» Dangerous M6.6 earthquake hits off Java, Indonesia
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyToday at 12:08 pm by PurpleSkyz

» Life insurer refuses to cover vaccine death
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyToday at 12:01 pm by PurpleSkyz

» Dr. Sam White Interview – Doctors Are Being Suppressed, Censored & Attacked For Telling The Truth
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyToday at 11:32 am by PurpleSkyz

» American Students Organize Classroom “Walk Outs” To Demand Return To Remote Learning
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyToday at 11:27 am by PurpleSkyz

» 15-Year-Old Soccer Player from Brazil Dies from Cardiac Arrest Following National Football Cup Tournament Game
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyToday at 12:34 am by PurpleSkyz

» Route 91: Uncovering the Cover-Up of the Vegas Mass Shooting
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyToday at 12:21 am by PurpleSkyz

» COVID-19 Vaccines: Scientific Proof of Lethality
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyToday at 12:17 am by PurpleSkyz

» Open Letter to Steve Kirsch
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyToday at 12:14 am by PurpleSkyz

» New Normal: Former Malaysian Professional Football Player Dies of Heart Attack 5 Days After Receiving COVID-19 Booster Shot
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyYesterday at 4:10 pm by PurpleSkyz

» Hundreds of Thousands Protest ‘New World Order’ in France as COVID Narrative Crumbles
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyYesterday at 12:58 pm by PurpleSkyz

» The Full Extent of Jeffrey Epstein’s Crimes Are Slowly Being Revealed
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyYesterday at 12:50 pm by PurpleSkyz

» Japan Drops All Vaccine Mandates, Places Myocarditis Warning on Label
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyYesterday at 12:42 pm by PurpleSkyz

» Why Are Concrete Walls Being Constructed Around The White House?
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyYesterday at 12:36 pm by PurpleSkyz

» Q&A With Scientist Who Discovered Cannabis Can Prevent COVID-19
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyYesterday at 9:52 am by PurpleSkyz

» Tragic: 38yo Athlete Dies after Suffering Heart Attack During Swim Portion at Ironman 70.3 Pucon
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyYesterday at 9:48 am by PurpleSkyz

» Smoking Gun: Moderna Patented ‘Man Made’ SARS-CoV2 Gene Sequence in 2018
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyYesterday at 9:41 am by PurpleSkyz

» NASA Probe Gets Closest Look At Sun’s Atmosphere Than Ever Before And Makes Immediate Discoveries
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market EmptyYesterday at 9:34 am by PurpleSkyz








Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market 4ccd9cb4-22af-4abe-a6c4-4d57fbce210b_zps8t6pdo1h

You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market

Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market

2 posters

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin

Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market Goldman-sachs-high-bonuses-si

Banking & Finance

Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market

September 18, 2015 eClinik Learning 4 Comments

It’s not enough that they keep on printing worthless fiat paper money. It’s not enough that they manipulated interest rates through Libor. They still needed to rig even the auctions of US treasury bonds, the whole market in fact and for decades, the regulators just didn’t notice the broad daylight operations until now, would you believe it?
“Dealers including top American banks which control the $12.8 trillion US Treasury market rigged bond auctions for years, Bloomberg reports. 

Citing a federal antitrust lawsuit, the financial data and news provider says the likes of Goldman Sachs, JPMorgan, and Morgan Stanley coordinated to manipulate Treasury auctions.
The 115-page lawsuit has been filed in Manhattan federal court by a number of law firms against 22 primary dealers “who serve as the backbone of Treasury trading”, Bloomberg said.
It comes as the US Justice Department probes whether information in the Treasury auction market is being shared improperly by financial institutions.
The US Treasury market helps set interest rates on everything from home mortgages to credit cards and is often described as the largest, most-liquid market in the world.
Earlier this year, Bloomberg revealed that US Treasury traders at some banks learned of customer demand hours before auctions, and were communicating with their counterparts at other firms via chat rooms as recently as last year.
Lawsuit Filed vs. US Banks Rigging $12.8 Trillion Market C6d03ca2-1e26-4c82-81b5-47c0ad6b3ff3 A similar lawsuit has been filed against Wall Street dealers.
The US Treasury initially sells bonds to primary dealers like Goldman Sachs, JPMorgan and Morgan Stanley who in turn sell them to clients, creating a secondary market for trading.
A probe into their practices found that more than two-thirds of a certain type of Treasury auction have been rigged from 2009 to 2015 while there were issues with other auctions, too.
“The only plausible explanation is that Defendants coordinated artificially to influence the results of the auctions in the primary market,” according to the lawsuit.
The dealers artificially boosted yields while lowering prices when auctions were initially issued before selling them at higher prices and correspondingly lower yields in the secondary markets, an analysis of their dealings found.
The analysis has been conducted by a New York University adjunct associate professor whose technique helped uncover rigging of the London interbank offer rate, or Libor which resulted in about $20 billion of fines.
According to Bloomberg, a similar lawsuit has been filed against Wall Street dealers who are accused of colluding to push prices artificially low at auctions, and to drive prices for when-issued securities to artificially high levels.”
PressTV
“No matter which way you measure it, they end up benefiting in ways that wouldn’t otherwise be possible in a liquid market of this size,” he said. The $12.8 trillion Treasury market helps sets interest rates on everything from home mortgages to credit cards and is often described as the largest, most-liquid market in the world.”
Bloomberg
When multiple banks are working as a unit like a cartel isn’t that a conspiracy to commit a crime under Racketeer Influenced and Corrupt Organizations Act [RICO]?
Add to that is how American taxpayers were duped to provide them with at least a $15 Trillion golden parachute in 2008!
No more slap on the wrist for these shenanigans. It’s time to end all forms of resource control by the money-lenders. It’s time to end the dominance of the criminal bankers. It’s time to end the monetary system for good!
One of the significant sources of funds for the fascist Nazionist Jesuit Khazarian Mafia is the healthcare industry which registered a whopping $3.09 trillion in 2014, and is projected to soar to $3.57 trillion in 2017, in the US alone.
We can help take down the Dark Cabal by avoiding drugs, defeat any viral attack and scaremongering easily by knowing how to build our own comprehensive antiviral system. Find more about it here.

Rate this:



Thanks to: http://geopolitics.co



  

topspin2



This from all appearances amazing.......Perhaps this is what was meant when I was told that the economy was going to collapse...

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum