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US Is Building Criminal Cases in Rate Fixing
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US Is Building Criminal Cases in Rate Fixing

  #1 (permalink)
Quick Summary
US Is Building Criminal Cases in Rate Fixing

As regulators ramp up their global investigation into the manipulation of interest rates, the Justice Department has identified potential criminal wrongdoing by big banks and individuals, the New York Times reports.

More on CNBC...

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  #2 (permalink)
Trading Apprentice
Streamwood, IL USA
 
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Posts: 11 since Jul 2012
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Half effort.

These attempts to move these cases forward are, in my mind, are for show. They don't fix anything. They only quiet the public. The reality is Government can not regulate these trading activities into safety.

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  #3 (permalink)
Elite Member
Ireland
 
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Its all just for optics. A lot of the guys questioning Jamie Dimon dont even understand their own questions. Therefore they are easily batted back by Dimon.

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  #4 (permalink)
Trading Apprentice
Streamwood, IL USA
 
Futures Experience: Beginner
Platform: Investor RT, TDA, VanKar
Broker/Data: VanKar/IQ Feed
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RiverRat's Avatar
 
Posts: 11 since Jul 2012
Thanks: 9 given, 12 received


Bosch777 View Post
Its all just for optics. A lot of the guys questioning Jamie Dimon dont even understand their own questions. Therefore they are easily batted back by Dimon.

I disagree in that there are people in the room that really do understand. They don't want to know the real answers. By having the real answers opens up a whole new can of worms and they really don't want to go there. Diamond is a big fish but there are much bigger ones in control. If the public knew about those bigger fish it would create a public panic and maybe civil unrest to the point where they'd have to call out the military. Am I crazy?

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  #5 (permalink)
Elite Member
Ireland
 
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Posts: 118 since Jul 2012
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No I dont think your crazy to hold such a view. its another angle and your probably right on with it too.

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