Seraphim
Active Member
http://www.rollingstone.com/politic...ed-the-biggest-financial-scandal-yet-20130425
Even though a lot of people have suspected this for quite some time, some of the largest banking institutions have admitted in court that they've been manipulating market indexes in order to boost their own profits.
Not only are they going to get away with doing this because government is concerned that taking action would cause them to retaliate by messing up the economy, but they are likely able to do this for nearly any market they see fit to.
I'm just shocked that everyone is okay with this.
Even though a lot of people have suspected this for quite some time, some of the largest banking institutions have admitted in court that they've been manipulating market indexes in order to boost their own profits.
Not only are they going to get away with doing this because government is concerned that taking action would cause them to retaliate by messing up the economy, but they are likely able to do this for nearly any market they see fit to.
I'm just shocked that everyone is okay with this.