Tags » Currency Manipulation

Market Rigging: 5 Major Banks Plead Guilty – Fined $5.7 Billion

Reported by Tim Brown

URL of the Original Posting Site:  http://freedomoutpost.com/2015/05/market-rigging-5-major-banks-plead-guilty-fined-5-7-billion/#OYCISy2ELmGMjQJ0.99

The Obama Department of Justice announced Wednesday that Barclays, Royal Bank of Scotland, JPMorgan Chase, UBS and Citigroup all pled guilty to manipulating global currencies and interest rates. 966 more words

Political

Some Banking News

Bank stocks are making a comeback you guys: “with yields expected to keep climbing as the economy improves and as the Fed begins to embark on a multi-year process of policy normalization, the environment for bank stocks is brightening.”  You’re probably sitting there thinking “sure, fine — But what inning?!”  “We’re only in the fourth inning of credit demand,” says banker.   416 more words

Swiss Bank, UBS ready to settle

Swiss Bank UBS is ready to pay a fine of 500 million dollars as a settlement in their manipulation of currency exchange rates.
UBS worked with JP Morgan, Citigroup, Britain’s Barclays and Royal Bank of Scotland in this highly profitable scam. 72 more words

Get to your phones and call your senators quickly; Senate strikes deal to pass fast-track authority

Let your senators know you stand against giving Wall Street President Obama fast track authority.

Today, according to Politico.com, “Senate leaders have reached a deal to advance President Barack Obama’s trade initiative after a failed vote prompted a furious round of negotiating on Wednesday. 316 more words

Free Trade and the Devil in the Details

Rarely do we find ourselves in agreement with President Barack Obama, but the finite range of political options and the law of averages and that old saw about even a stopped clock being right twice a day have led us agree with him on the need for a free trade pact with Asia. 559 more words

Politics

(What's Left of) Our Economy: The Laughable Claim of No Alternative to (This) TPP

Only in 21st century America could a leading pundit who is not brain dead look at a policy that’s completely failed and dare those criticizing similar measures to explain, “Compared to what?” 390 more words

{What's Left Of) Our Economy

(What's Left of) Our Economy: Treasury's Lew Exposes Fast Track as a Sham

For someone supposed to be a political whiz due to staff experience on Capitol Hill, Treasury Secretary Jack Lew sure has been acting like a political bungler in explaining to Congress why strong currency manipulation sanctions don’t belong in trade deals like President Obama’s proposed Trans-Pacific Partnership (TPP). 420 more words

{What's Left Of) Our Economy