I originally posted the following information and commentary onto my Facebook wall…
Breaking: 5 Major Banks Plead Guilty To Market Rigging, Fined $5.7 Billion:
(Rachel Blevins) On Wednesday, the Department of Justice announced that five major banks – Barclays, Royal Bank of Scotland, JPMorgan Chase, UBS and Citigroup – will be fined approximately $5.7 billion after pleading guilty to crimes involving the manipulation of global currencies and interest rates.
The DoJ noted that four of the banks – Citigroup, JPMorgan Chase, Barclays and the Royal Bank of Scotland – have been forced to plead guilty to antitrust violations in the foreign exchange market, after they allegedly worked together to enhance their profits by manipulating the $5-trillion-a-day foreign exchange market to $10 billion.
My Commentary: Banking cartel of financial terrorists rig the economy, create mass debt, and engage in insider trading to enrich themselves and their friends at the expense of the whole world? You don’t say!
When “conspiracy theory” suddenly becomes “conspiracy fact”…