US Senate grills banks accused of 'unfair' trading practices with commoditisers

Saturday, November 22nd 2014 - 05:49 UTC

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Executives of three US banks are being grilled by senators over accusations the banks engaged in unfair trading practices relating to several commodities. A two-year report found that Goldman Sachs, Morgan Stanley and JP Morgan Chase bought up large stockpiles of commodities like aluminum and copper. Read full article

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ChrisR
Crooks always find “ways” around what they see as restrictive conditions and the banks are among the biggest crooks in the world.

It will be really interesting to see what, if anything, the Fed will do.

Anybody want to bet they STOP the banks over-stretching themselves yet again?

Ha, ha, ha. Fool me once, shame on you; fool me twice, shame on me jumps to mind.
Nov 22nd, 2014 - 07:09 pm - Link - Report abuse 0
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