Friday, January 17, 2014

Are House Price Indices rigged too?

HSBC and Citigroup suspend foreign exchange traders amid rigging probe

"Regulators from the United States arrived in London this week, stepping up an investigation in which they are working with Britain's financial watchdog, the Financial Conduct Authority, to determine whether traders at some of the world's biggest banks colluded to manipulate the $5.3 trillion-a-day (£3.2tn) foreign exchange market". is any index created in london reliable? "Tonight Deutsche Bank has announced that they will withdraw from gold and silver fixing amid an investigation by German regulators into suspected manipulation of precious metal prices by banks" say Reuters. You couldn't make it up, could you? Well.... COULD YOU??

Posted by alan @ 11:12 PM (3266 views)
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2 thoughts on “Are House Price Indices rigged too?

  • Everything is rigged,!

    Here is an interesting question: If everything is rigged, is anything really rigged?

    Reply
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  • Alan, yes.
    Khards, ministry of truth.

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