I find it appalling that none of these immoral narcissistic megalomaniacs are given long prison sentences. Instead the banks they work for are given a paltry fine. $5.8 billion is chump change in today's financial market. The FOREX market trades as much as 5 Trillion per day. I'm sure the banksters are flying at 50,000 ft in their Gulf Stream jets breaking out the Cristal. Party on...
'If you aint cheating, you aint trying' and other quotes from the traders who just cost Wall Street $5.8 billion
On Wednesday, the Justice Department announced that, together with a handful of other regulators, it would fine Wall Street banks some $5.8 billion for their roles in the 2008 LIBOR interest rate and currency rigging scandal. As we learn more about the investigations, we’re also learning about the crazy things the crooked traders said to one another in online chatrooms, where they most often went to communicate. We mined the transcripts (from the CFTC, FCA, New York State Department of Financial Services, and others) and pulled together some of the most ridiculous quotes: Gems from the CFTC: COULD WE PLS HAVE A LOW ... (full story)