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Europe Demands Banks Hand Over Their Lunch Money Following Swiss Franc Libor Rigging
...And don't do it again!
Having confirmed that RBS, UBS, JPMorgan,,and Credit Suisse operated a cartell to manipulate bid-ask spreads of Swiss Franc libor, the European Commission has unleashed unmerciless vengeance on these law-breaking institutions:
JPMorgan fined EUR 72.2 Million, UBS fined EUR 12.7 Million, Credit Suisse fined EUR 9.17 Million, & RBS Nothing (for whistle-blowing).
The commission found that these four entities 'influenced' interest rate derivatives prices between March 2008 and July 2009 - probably the most volatile and price-sensitive period of American financial history.. and they get fined "an hour's pay?"
Nothing ever changes...
Another oldie but goodie. pic.twitter.com/rG4NWhA24m
— Rudolf E. Havenstein (@RudyHavenstein) October 16, 2014
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What!?!?!?!?!?!?!
Oh come on.....like you don't know.
They keep this shit up, we're all gonna be walking around like we're Eeyore, in a Great Depression.
maniacal laughter
Get it? Great Depression?
Both the economy and plebes. (Oh yes, the plebes know somethings fucked up... way past football, etc. They're worried sick)
Dont be so sure.
Plebes just want a pay rise and another mortgage.
What's EUR 95 Million between 'friends' with benefits?
J.P. Morgan Returns to ProfitThe bank reported net income of $5.57 billion, compared with a year-earlier loss of $380 million. On a per-share basis, the bank’s profit was $1.36 a share, compared with a loss of 17 cents in the same period last year. Analysts polled by Thomson Reuters had expected earnings of $1.38 a share.
http://online.wsj.com/articles/j-p-morgan-returns-to-profit-1413279425
"Plebes just want a pay rise and another mortgage."
but they're not going to get it.
Would you like to ride in my beautiful balloon
Would you like to ride in my beautiful balloon
We could float among the stars together, you and I
For we can fly we can fly
Up, up and away
My beautiful, my beautiful balloon
The world's a nicer place in my beautiful balloon
It wears a nicer face in my beautiful balloon
We can sing a song and sail along the silver sky
For we can fly we can fly
Up, up and away
My beautiful, my beautiful balloon!!!
The plebs are still lining up to buy iPhones. They don't have a clue.
the bean trade... I knew I took the wrong career...
But NEVER Ever mess with our cheese! Its a closely guarded secret!
Or cancer sticks, got to have plenty of cancer sticks.
Smoking Chills.
So who serves the Banksters better? :
SEC, FINRA, or European Commission.
the ideal customer is bad at math
http://www.washingtonpost.com/news/storyline/wp/2014/10/16/she-bought-a-...
Spending her cigarette money on groceries instead might be a good start... I really don't understand the purpose of these "news" articles other than to make other people doing the same stupid things feel like they're doing the right thing and that they're not alone...
Oh, not in the bottom 40% and both our couches are a lot older than 6 years...
When there are no enforced laws the people become lawless.
When people lose all that they have and any future hope....they become lawless.
USA TPTB achieved both in Spades.
Finally, the big banks get hit hard with serious financial fines...Oh wait, that's millions?
"Europe" is the banks
The banks have extracted our purchasing power & lifeforce (using a extremely scarce money ecosystem within euroland.)
I think there is a separate "1984" element to the EU as well but yes the banks are in chaoots with them because they want a single central banking system for the whole of Europe to make it easier to rob everyone at once.
"1984" did actually happen in Ireland right on time.
In 1985 the country went into real goods surplus (i.e became a official colony)
http://www.cso.ie/px/pxeirestat/Statire/SelectVarVal/Define.asp?maintable=TSA01
Fine? Schmine! We made zillions...
I see Dudley is out jawboning how the big commercial banks need to reform there people and culture, otherwise they will need to be downsized.
That will teach the bastards....../s
WTF. And the US fined BNP Paribas ...
European Commission - oooh they're sooo threatening. Bullshit.
Listen to these bastards talk of "structural reform" (see video)
They even have a euro roboten GPS like woman talking the euro talk.
This "reform" really means more and more mechanisms to destroy your purchasing power via their various capitalistic overproduction schemes.
http://www.macroeconomics.lv/conference-have-we-learnt-anything-crisis
The provision for depreciation in Ireland is 23 ~ billion fucking euros a year.
This is 3~ times higher then our annual food consumption !!!
That is all the junk created since the 1970s.
Houses, roads ,cars ............
And they want labour (not capital ) to pay for it !!!!!!!!!!!!
This in reality means the mass liquadation of people.
I think they believe replacing the native population fast enough will both prevent a backlash and create a new population with a much lower expectation to soak up the coming crash in living standards. Personally I think the replacement population will end up lashing them harder because of lower average age, male-weighted gender distributiuon and they were expecting streets paved with gold.
Yip , thats the plan
Mainly Irish born girls in the early 20s age group have declined by a third since 2009. (left the burning building)
The population increases because of the external 20 somethings who arrived a decade or more ago are now in their 30s having kids.
This is yet another plantation of the Cromwellian type.
In fact this massive flux in population is the third banking plan to wipe us out.
Tudor & Cromwellian Genocide.
banking crisis of 1820s , famine of 1840s
Entry into EEC and Euro causing banking crash ......famine soon to follow if they continue with "structual adjustment"
Look how they suffer:
Ousted Barclays boss Bob Diamond throws his daughter a three-day wedding extravaganza in the South of France complete with TWO custom gowns and fireworks
Read more: http://www.dailymail.co.uk/news/article-2800197/is-spectacular-wedding-dress-olivier-theyskens-designs-cinderella-gown-ex-barclay-s-chief-s-daughter-nell-south-france-extravaganza.html#ixzz3GmeBaqEO
Versailles 2.0
Lol....those aren't fines, they're campaign contributions.
what a joke - 70mln - LOL
They laugh and joke about these piddly ass fines over brandy and cigars like they are mere parking tickets for all of the billions they have stolen.
They are way beyond Brandy. They are at 5000 dollar bottles of wine and champagne and havanas.
Ya know, a feller could almost think, if he was inclined to look at in a peculiar way, as if these fellers was in cahoots together to pull the wool over someones eyes.
That's if he had a suspicious mind that run to that sort of speculating.
Always remember the function of eurozone trade is not increased end use consumption.
Its quite the opposite in fact.
Conduit consumption increases but basic consumption falls.
The true goal of the eurozone is clearly further concentration of capital.
Ireland was only ever in trade surplus during the years 1941,43 and 44 (hard hard years ) until euro entry in 79 caused a structural shift in Irish trade.
The first euro depression followed , after the domestic economy serving basic domestic demand was wiped out the country began to produce greater and greater trade surplus figures post 1985 , peaking in 2010 ~ at near 44 Billion euros.
During the mid 2000s credit boom trade surplus figures decreased but this was a result of conduit like corporate consumption rather then returning indivdual consumption back to the person.
This is again happening today which is subtracting a huge amount of purchasing power from the mean and below person.
In Ireland we are dealing with a pure fascistic goverment , enabled by their euro masters.
Too bad you all don't know how to rebel and kill the tyrants.
swiss banks can withdraw fines from the tax.
so everything is fine...
Thats Americans' lunch money looted by TARP crooks.
Those amounts are like me giving a homeless person $20.
A slap in the face of fairness and reason.
A slap in the face?
That's a lot of Two-Buck Chuck there buddy.
Small fine. The ECB may try to hint: Good job! The bankers still make profit rigging with the fine.
Millions...? BHahahahahahaha
tbtf=too big to fine
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And… It's JP Morgan… Again.
What a surprise.
•J•
V-V