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The Magistrate

(96,043 posts)

5. Bit More To It Than That, Sir

Reply to banned from Kos (Reply #3)

Mon Aug 6, 2012, 06:40 PM

Aug 2012

Depressing rates reduces returns on many investments, and the rigging also benefited ( and was intended to benefit ) wagers on rates in derivatives markets, where, since every winner requires a loser, people lost on a tilted table.

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Highlight:

As Libor Fault-Finding Grows, It Is Now Every Bank for Itself - NYT [View all] WillyT Aug 2012 OP

Love it DJ13 Aug 2012 #1

Drug dealers and money manipulators aren't so different. LiberalAndProud Aug 2012 #2

sorry, you bank haters won't get any satisfaction here either - they are Euro-banks banned from Kos Aug 2012 #3

Bit More To It Than That, Sir The Magistrate Aug 2012 #5

Quite true. banned from Kos Aug 2012 #7

Quoting A Raving Anti-Semite Against Usury is A Very Poor Move, Sir The Magistrate Aug 2012 #8

So What You Are Saying... From Your Perspective As A Financier... Is That Rigging/Cheating Is... WillyT Aug 2012 #6

KNR. This issue is emblematic of how big banks screw the world. DirkGently Aug 2012 #4