London protests

[Eric Arthur 10]

The banks have been in the news again today, rigging the markets this time.

Wonder what the Tories on here think about that?

 

---------- Post added 20-05-2015 at 22:22 ----------

 

 

http://www.theguardian.com/business/2015/may/20/banks-hit-by-record-57bn-fine-for-rigging-forex-markets

 

They probably think that the flagrant abuse was set up under Labour's systems in 2007 and stopped under the Coalition's systems in 2013.

[I1L2T3 10]

They probably think that the flagrant abuse was set up under Labour's systems in 2007 and stopped under the Coalition's systems in 2013.

 

Problem with that is this was an international fraud, with the offending banks based in other countries not just the UK. Tip of the iceberg.

 

Nothing has stopped because nothing has really been done to regulate banks internationally. Arguably it's an impossible task because anything dodgy can get shifted into the almost completely unregulated shadow banking sector anyway.