All You Need To Know About The Bank Market-Rigging Settlements In 34 Words

Wednesday, November 12, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
11/12/2014

One can read the volumes of available literature explaining everything that has transpired since the first Libor manipulation became public, then proceeding to FX, then gold and so on (next up E-minis, Treasurys, options and so on) or one can just read these 34 words which explain everything one needs to know.

“The banks have been allowed to investigate themselves,” one source familiar with the investigation told Reuters. “The investigated decide what they want to investigate, what they admit to, and how much they will pay.”

With that we saved you days of reading. And now waste the time by buying the rigged market at 11:00 am and selling it at 11:30 am every day and outperform 98% of all hedge funds.

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter