rigging of global benchmark interest rates
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It seems confidence has been shaken world wide in the capitalist system as people world wide now realize banks have agreed collectively to push interest rates around for profit.
https://www.cbc.ca/m/touch/news/story/2012/12/19/ubs-bank-fraud-fine.html
Seems someone finally noticed capitalism doesn’t work without a decent amount of corruption. I heard more information on the radio basically its a game changer if this is the norm. There is a loss of faith in the financial system amongst investors – it took this long?
“The rest of the Central banks in the G8 are private banks.”
https://www.cbc.ca/m/touch/news/story/2012/12/19/ubs-bank-fraud-fine.html mapquest directions
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