Thursday, June 13, 2013
What next for a rigging scandal? Gold or House Prices?
EU Urges U.K. to Probe Currency Rigging in Libor’s Wake
"Britain should investigate the manipulation of currency rates, EU officials said after Bloomberg News revealed that traders have been rigging foreign-exchange benchmarks for more than a decade. “They need to get to the bottom of it,†Sharon Bowles, 60, chairwoman of the European Parliament’s economic and monetary affairs committee and a member of the U.K. Liberal Democrat party, said in an interview. “It’s quite upsetting we have got another bad-news story. It’s time we managed to restore the reputation of our banks.†(Has anyone got a PRISM terminal?).
Posted by alan @ 06:56 PM (1252 views)
One thought on “What next for a rigging scandal? Gold or House Prices?”
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libertas says:
How about constant government rigging of currencies!! Central bank manipulation of interest rates is defacto currency rate rigging. How about the elephant in the room!