Jump to content
House Price Crash Forum
Sign in to follow this  
Corruption

£2 Billion Fine For Currency Rigging.

Recommended Posts

Get caught fraudulent rigging the money markets and at the very worst you'll get the sack

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11223764/Banks-fined-over-2bn-after-currency-rigging-investigation.html

Doesnt state how much they made from this scam, i bet its less than the 2 billion in fines thatll get passed onto the customers.

Share this post


Link to post
Share on other sites

No disincentive to repeat offend. It's not like it's exactly 'their money'.

How about starting by making it a criminal offence with the real threat of a custodial sentence?

Share this post


Link to post
Share on other sites

Refunds for consumers then?

Please, No! I don't know if I can stand these robotic PPI compensation calls much longer.

Just slap the offenders with jail time and ban their 'negligent' line managers from the industry.

Edited by Orsino

Share this post


Link to post
Share on other sites

Fines are the new sentences......another ongoing cost to add to the balance sheet.....QE/trickle down/liquidity for the populace.....out of everything bad comes something good. :wacko:

Share this post


Link to post
Share on other sites
Guest UK Debt Slave

Fining banks is just another indirect taxation on the consumer (and the taxpayer in the case of RBS) since WE will foot the bill.

Perhaps Osborne has figured it's just another good way to generate funds for the treasury at the peoples' expense

Meanwhile, not a single banker has gone to jail for fraud.

Edited by UK Debt Slave

Share this post


Link to post
Share on other sites
As it currently stands stealing a bottle of water is a worse crime

Stealing a bottle of water is a threat to the established order of things- bankers are the established order of things.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   203 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.