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

Ex-City Minister Pressures Bank On Qe 'abuse'

Recommended Posts

Lord Myners is demanding answers about the possible manipulation of the UK's £375bn QE programme, Sky News can reveal.

http://news.sky.com/story/1441442/ex-city-minister-pressures-bank-on-qe-abuse

"whether any allegations or evidence of market abuse have been brought to their attention in connection with the operation of the asset purchase scheme used to implement quantitative easing [QE]"

Pure propaganda if you as me....The Q.E. is the market abuse

Share this post


Link to post
Share on other sites

There is certainly a suspicion that they were at least creating securities specifically to lodge with the BoE in return for the readies.

To me that is a form of market abuse, even if it is not price fixing as such.

To me. that's fraud, perhaps even treason, for which you can still be hung I believe.

Share this post


Link to post
Share on other sites

There is certainly a suspicion that they were at least creating securities specifically to lodge with the BoE in return for the readies.

To me that is a form of market abuse, even if it is not price fixing as such.

It's misbehaving at the very most. Nothing a slap on the wrist won't remedy.

Share this post


Link to post
Share on other sites

He seems a bit late to the party.

If he'd been asking such questions before the investigation into the BoE (yet another investigation into their actions) then he might deserve some credit - but he seems to be just another parliamentary bandwagoner in a long line of political bandwagoners.

Edited by billybong

Share this post


Link to post
Share on other sites

Demanding answers is their way of pretending they did not know what was going on

I'm sure that if any wrongdoing is actually admitted, it'll all be blamed on faceless, incompetent civil servants messing up. The usual way of hiding institutional corruption in plain sight.

Share this post


Link to post
Share on other sites

I was amazed at the rough ride the HSBC overlords got yesterday in Parliament. Good job it was only acting.

Dog and Pony show.... There's an election coming up, the people have an inkling that they've been screwed over by 'bankers' and the politicos need to look tough and be seen to be 'doing something'.

Behind the scenes - business as usual. The fraud goes on.

Share this post


Link to post
Share on other sites

Funny that five years ago the bankers were in the dock for trashing the UK economy [lessons to be learned], five years later deja vu.

And in another five years can we expect another show of disgust at their antics?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 407 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

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.