1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM | |
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Uncle Fuck Stick (OP) User ID: 42631075 United States 07/01/2013 08:54 AM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM OTC anything should be banned ffs tell me why its not? Because the law makers get paid off. Quoting: Anonymous Coward 42500374 they had congressional hearings on it and then fed chairmen Greenspan said that their was no need to regulate because the market would balance itself out....IT DIDNT...they even had him back in front of congress a few years ago and he said he was wrong AND STILL NO REGULATION....And just this spring REGULATION WAS BEING SUPPOSEDLY IMPLWMENTED AND IT HIT THE NEWS THAT LOOPHOLES ARE ALREADY BEING SOUGHT BY BANKSTER SCUM TO KEEP RISKY BETS FLOWING.......1.5 QUADRILLION TO DATE AND CLIMBING :4hlick: |
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Anonymous Coward User ID: 42540980 United States 07/01/2013 01:51 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM [link to en.wikipedia.org (secure)] Quoting: Uncle Fuck Stick Collusion is an agreement between two or more parties, sometimes illegal and therefore secretive, to limit open competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law typically by defrauding or gaining an unfair advantage. It is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities.[1] It can involve "wage fixing, kickbacks, or misrepresenting the independence of the relationship between the colluding parties".[2] In legal terms, all acts affected by collusion are considered void [link to www.bangkokpost.com] The European Commission said on Monday it suspected that 13 top investment banks including Barclays, Deutsche Bank and Goldman Sachs, colluded over derivatives trading in breach of EU antitrust rules. A preliminary investigation showed that banks colluded to exclude exchanges from the over-the-counter market because they feared involvement by the exchanges "would have reduced their revenues from acting as intermediaries," the Commission said. The banks instead allegedly continued over-the-counter trading in the massive credit default swaps (CDS) market between 2006 and 2009 -- an opaque business that was seen as contributing to the global financial crisis, the Commission said in a statement. The EU's Competition Commissioner Joaquin Almunia said the banks would now have the chance to respond to the accusations, and that if the charges were confirmed once the investigation was completed they could face fines. "If it is confirmed that banks collectively blocked exchanges from the derivatives market, the Commission could decide to impose sanctions," Almunia said at a press briefing. "Exchange trading of credit derivatives improves market transparency and stability," he said, adding that collusion between the banks to prevent this type of trading would be "a serious breach of our competition rules". lol, like the EU wasn't right in there colluding with them riiiiighhht |
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Uncle Fuck Stick (OP) User ID: 40018660 United States 07/01/2013 01:55 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM Quintillion. Quoting: Mickeyblue 9806228 Regardless the total GDP of the world is something like 80trillion which is something like 177.4th of the 1.5Quadrillion. ONE THOUSAND TRILLION IS A QUADRILLION [link to en.wikipedia.org (secure)] Last Edited by Uncle Fuck Stick on 07/01/2013 01:56 PM :4hlick: |
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Uncle Fuck Stick (OP) User ID: 40018660 United States 07/01/2013 01:57 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM Thread: THE BEST ARTICLE EXPLAINING THE 1.2 QUADRILLION DERIVITIVES BUBBLE Last Edited by Uncle Fuck Stick on 07/01/2013 01:58 PM :4hlick: |
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alufiend User ID: 10513079 United States 07/01/2013 02:02 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM maybe this is why no one can use their cards at stores Thread: BREAKING- Nationwide Cash Failure? US Direct Express |
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Uncle Fuck Stick (OP) User ID: 40018660 United States 07/01/2013 02:06 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM maybe this is why no one can use their cards at stores Quoting: alufiend 10513079 Thread: BREAKING- Nationwide Cash Failure? US Direct Express NO I HEARD THAT THE OTHER DAY...i forget where...might of been glp......somebullshit with atm reformats or something and people wouldnt be able to get their money out :4hlick: |
Uncle Fuck Stick (OP) User ID: 40018660 United States 07/01/2013 02:07 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM maybe this is why no one can use their cards at stores Quoting: alufiend 10513079 Thread: BREAKING- Nationwide Cash Failure? US Direct Express Thread: Banks & ATMs Closing June 29, 2013 - July 2, 2013 Secret? i heard it somewhere else to :4hlick: |
Anonymous Coward User ID: 41697448 United States 07/01/2013 02:15 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM Remember last time something big like this was revealed...2 trillion missing from the Pentagon announced on September 10, 2001. Doesn't bode well for the Fourth of July. |
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Anonymous Coward User ID: 42501238 United States 07/01/2013 02:31 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM Supposedly, last Friday Snowden was granted immunity from prosecution by Chief Justice Roberts. Due to the info Snowden has "delivered" regarding the NSA, it has been able to be determined that an NSA-run banking cartel and the Federal Reserve used criminal bank technology to hide and disguise and misuse Wanta-Reagan-Mitterrand Protocol funds using electronic digital cross-referencing to create account numbers. A U.S. Military Grand Jury has been convened and sealed indictments have been issued. This mechanism avoids the need to involve U.S. Attornry General Holder or NSA chief and, thus, justice might actually be served. Before Its N_ws Heneghan States Snowden Granted Immunity – Treasonous NSA Now Cornered – 6-30-13 |
Uncle Fuck Stick (OP) User ID: 40018660 United States 07/01/2013 02:31 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM OTC anything should be banned ffs tell me why its not? Because the law makers get paid off. Quoting: Anonymous Coward 42500374 they had congressional hearings on it and then fed chairmen Greenspan said that their was no need to regulate because the market would balance itself out....IT DIDNT...they even had him back in front of congress a few years ago and he said he was wrong AND STILL NO REGULATION....And just this spring REGULATION WAS BEING SUPPOSEDLY IMPLWMENTED AND IT HIT THE NEWS THAT LOOPHOLES ARE ALREADY BEING SOUGHT BY BANKSTER SCUM TO KEEP RISKY BETS FLOWING.......1.5 QUADRILLION TO DATE AND CLIMBING Thread: SCUM FUCK BANKERS Try to Open Loopholes in Derivatives Regulation SO THEY CAN STILL GAMBLE.. 1.5 QUADRILLION AND RISING :4hlick: |
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Anonymous Coward User ID: 42627968 Poland 07/01/2013 02:36 PM Report Abusive Post Report Copyright Violation | Re: 1.5 QUADRLLION DOLLAR SHITSTORM......EU accuses 13 banks of DERIVATIVES COLLUSION...CITI,GOLDMAN SACHS,BARCLAYS,HSBC,JP MORGAN RBS...ALL OF EM [link to en.wikipedia.org (secure)] Quoting: Uncle Fuck Stick Collusion is an agreement between two or more parties, sometimes illegal and therefore secretive, to limit open competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law typically by defrauding or gaining an unfair advantage. It is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities.[1] It can involve "wage fixing, kickbacks, or misrepresenting the independence of the relationship between the colluding parties".[2] In legal terms, all acts affected by collusion are considered void [link to www.bangkokpost.com] The European Commission said on Monday it suspected that 13 top investment banks including Barclays, Deutsche Bank and Goldman Sachs, colluded over derivatives trading in breach of EU antitrust rules. A preliminary investigation showed that banks colluded to exclude exchanges from the over-the-counter market because they feared involvement by the exchanges "would have reduced their revenues from acting as intermediaries," the Commission said. The banks instead allegedly continued over-the-counter trading in the massive credit default swaps (CDS) market between 2006 and 2009 -- an opaque business that was seen as contributing to the global financial crisis, the Commission said in a statement. The EU's Competition Commissioner Joaquin Almunia said the banks would now have the chance to respond to the accusations, and that if the charges were confirmed once the investigation was completed they could face fines. "If it is confirmed that banks collectively blocked exchanges from the derivatives market, the Commission could decide to impose sanctions," Almunia said at a press briefing. "Exchange trading of credit derivatives improves market transparency and stability," he said, adding that collusion between the banks to prevent this type of trading would be "a serious breach of our competition rules". Bangkokpost ?! [link to www.bangkokpost.com] No european news agency write about it?? |
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