rigging of global benchmark interest rates

 

Home Forums The Automatic Earth Forum Open Comments rigging of global benchmark interest rates

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    william
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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?

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