Banks fined more than $5 bil; to plead guilty to market rigging

People who can't be trusted: Politicians and Lawyers

Add: Bankers

Fire the lower level guys, give the government their cut, then move on a business as usual.

Why them scoundrels! Tahoochi has it correct. Disclaimer: not all lawyers and bankers.

this is why playing the forex is a high risk business, only 10% of people doing it make a profit, much of those are these banksters. about the only way you can make large profits is to pay for the inside info these riggers have.

Between April 1st and May 19th eight to ten men allegedly conspired to enter Hatton Safe Deposit Company and force open 72 safety deposit boxes thieving millions worth of goods. Commander Peter Spindler described the robbery as one of the most despicable crimes in London's history. If found Guilty these alleged blaggers will be dispatched to prison and the key duly thrown away .........

Four of the world’s biggest banks agreed Wednesday to pay more than $5 billion in penalties and plead guilty to rigging the currency markets, a fifth bank, Switzerland’s UBS has agreed to plead guilty to manipulating key interest rates and will pay a separate criminal penalty of $203 million

Trying to get my head around this, the fine is in-consequent to the sum defrauded that in all likelihood could amount to hundreds of billions. Apart from a number of traders having to clear their desks, no executives were charged, not a single 3000 dollar suit will grace a prison yard, and the banks in question will be able to continue to do business in the currency markets....... The lesson for today is robbing a bank as an employee, is far more effective that blowing the doors off as a blagger, and you won't spend a single day in the nick.....

Hi wtfjapan depends how one plays, try a ask and bid on a forex spread YEN/USD pair with Yen 5000 for every pip the yen rises above the dollar ask.