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EU imposes record 1.7bn euro fines on major intl banks over rate-rigging

04.12.2013 08:37

The European Commission has slapped record fines of 1.7 billion euros on six major banks for manipulating lending rates that play a key role in the global economy. The penalties will add to already escalating costs for leading global lenders.

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Comments (35) Sort by: Highest rating Oldest first Newest first

 

Ange Bonheur 09.12.2013 13:43

Thank for regulation!

 

Ange Bonheur 09.12.2013 13:41

Other side in word, expecially in Africa people are suffring and need just glance to survive. May corruption finish to permit investment in those countries !
Good punishment !

 

Mike Littlefield 05.12.2013 05:21

Since the us asserts that corporations are people, the corporations can be put to death like any other murderer.

 

Zeitgeisttt 05.12.2013 03:00

sovereigntea 05.12.2013 00:40

Redress ! Is every interest bearing loan void due to fraud ?
Fraud :- Assertion made with knowledge of falsity and intent to deceive.
Still non of these shysters have gone to gaol. Why not form our own Common Law courts ? Our own Grand Juries and put a few top banksters on trial for theft and fraud .

  


l et's do it and it will all be legal....

 

Rhonda Burgess 05.12.2013 00:54

America needs to follow suit. However, there needs to be imprisonment for all the people involved. The financial penalty is what professional, corporate crooks are used to doing. Buying their way out of every corrupt situation.

 

Alan Cameron 05.12.2013 00:13

So, considering what huge amounts of money this banking club has been making, is this 2.7 billion euro fine going to be a deterrent for them in the future?

 

Commander 04.12.2013 23:48

The real threat to the security of the common and everyday people are the huge transnational corporations, including the big banks.

 

hawaiiguy 04.12.2013 20:46

haha 1.7 bil. As they are still rate rigging and make that much in about 4 seconds this is as bad as the Sarkisian hire at USC.

 

mergon 04.12.2013 20:14

It has already started ,as the world monitory systems systems start to collapse things start to fall apart the banks and the governments are robbing us blind the rich are doing very well out of it property, houses, land and businesses are cheap to buy up public services are being cut to the bone and or sold off to the corporations ,it took them a while but MAD MAX is here , they may have the money but they are going to need it for those high walls gates ,guards and bullet proof cars .

 

Devark Veyth 04.12.2013 18:15

If I steal a steak for dinner, ill go to jail. These guys are some of the biggest criminals alive, and they're untouchable. If you have enough money, you can buy a government and declare yourself legitimate. *sigh*

 

g br 04.12.2013 17:45

considering the federal reserve handed out 35trillion (see 2009 audit) that was laundered/stolen to the elite and the banks they own, 1.7billion in fines to steal 35trillion+ is .00000001% of what they stole, and they apparently get to evade jail time. we DO NOT have a democracy in america, that much is 100% clear. financially, we are more enslaved than in the middle ages with peasants and nobles/kings. lets not be mistaken.

 

britannica 04.12.2013 17:39

Oh. Great.

That 's all we need: more money going from one gang of international criminals to another.

 

Kim 04.12.2013 17:00

Drop in the bucket.

 

Jason 04.12.2013 16:51

Where will the money go? Right back to them most likely. We the people, the lower class in their eyes, want to see them in prison. The same system they established to house "dangerous" ; individuals. Bernie Madoff got some time didn't he? Where are the rest? Fack this system anyone that is with them. Take money out of politics and we will start to see a change.

 

Faye Brown 04.12.2013 16:38

wot difference does it make to the ripped off man in the street. they all want locking up and those crooks who fine them as well

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