Originally posted by Doggy Styles
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So was the 2nd World War all for nothing?
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Originally posted by sasguru View PostSeeing as you seem to want to demonstrate your stupidity to the world, I'll go along with that
How can you arrest people if no law is broken?
Or are you saying laws are being broken by hedge funds but this is being ignored?
And if so have you any evidence?
Retrospective, or Ex Post Facto Laws are regulations that are created "after the fact". This means that an act which was not illegal when it was committed will be declared to be illegal at a later time.The term is used in situations where the law is changed, making a previously committed lawful act now unlawful. Sir Stuart Bell used the term "retrospectivity" to describe the Thomas Legg audit of MPs' expenses.“Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.”Comment
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Breaking news:
"Citigroup, UBS penalised for Japan rate manipulation
(AFP) – 5 hours ago
TOKYO — Japanese regulators Friday ordered the local arms of Citigroup and UBS to suspend operations for up to 30 days for allegedly trying to manipulate short-term interest rates for interbank trading.
The penalty came after former staff at UBS Securities Japan and Citigroup Global Markets Japan were accused of trying to gain an unfair advantage for their firms through interest rate manipulation.
The Securities and Exchange Surveillance Commission said last week that a British trader with UBS Securities Japan had asked banks participating in the Tokyo interbank offered rate, or Tibor, to offer rates that would help his derivative transactions.
He also allegedly made similar moves related to the London interbank offered rate or Libor, it added.
The rates are the average interest rate that major banks in Tokyo and London charge for interbank lending, and are widely used as benchmark rates for other loans such as corporate borrowing.
The man later moved to Citigroup Global Markets Japan, where he allegedly conspired with his superior in similar moves aimed at benefiting their derivative transactions, the commission said.
The actions were "acknowledged to be seriously unjust and malicious, and could undermine the fairness of the markets", the Financial Services Agency said, as it ordered the firms' suspension.
The suspension will start January 10, the agency said."
Source: Citigroup, UBS penalised for Japan rate manipulation - FRANCE 24
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Good start.Comment
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Originally posted by doodab View PostAre you saying that you base your opinion on what the stupidest half of the people in the pub think?Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by AtW View PostBreaking news:
"Citigroup, UBS penalised for Japan rate manipulation
(AFP) – 5 hours ago
TOKYO — Japanese regulators Friday ordered the local arms of Citigroup and UBS to suspend operations for up to 30 days for allegedly trying to manipulate short-term interest rates for interbank trading.
The penalty came after former staff at UBS Securities Japan and Citigroup Global Markets Japan were accused of trying to gain an unfair advantage for their firms through interest rate manipulation.
The Securities and Exchange Surveillance Commission said last week that a British trader with UBS Securities Japan had asked banks participating in the Tokyo interbank offered rate, or Tibor, to offer rates that would help his derivative transactions.
He also allegedly made similar moves related to the London interbank offered rate or Libor, it added.
The rates are the average interest rate that major banks in Tokyo and London charge for interbank lending, and are widely used as benchmark rates for other loans such as corporate borrowing.
The man later moved to Citigroup Global Markets Japan, where he allegedly conspired with his superior in similar moves aimed at benefiting their derivative transactions, the commission said.
The actions were "acknowledged to be seriously unjust and malicious, and could undermine the fairness of the markets", the Financial Services Agency said, as it ordered the firms' suspension.
The suspension will start January 10, the agency said."
Source: Citigroup, UBS penalised for Japan rate manipulation - FRANCE 24
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Good start.
TripAdvisor: Google abusing its power with Google Places | TnoozLet us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Originally posted by DodgyAgent View PostThey are not the only ones abusing their power are they?
TripAdvisor: Google abusing its power with Google Places | Tnooz
The Govt should deal with the banks.
Leave Google to meComment
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While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by AtW View PostNo, they are not but banks are far more global and their actions affect prices of commodities like oil, wheat, metals etc.
The Govt should deal with the banks.
Leave to me
Google is big brother. It is intrusive and holds immeasurable power to control people in a way that banks could never do.
You do talk a load of bo**ocks. It is the intrusiveness of technology that we should worry about not the banks.Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Originally posted by DodgyAgent View PostSo a bank is more global than google?
What did banks improve so much in 10 years? I would not have cared about their profits if they did not cause prices of oil, steel, wheat and other materials go through the roof, nevermind house prices that would have never gone up so high if it wasn't for lax lending policies.Comment
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Originally posted by AtW View PostYes of course and far more negative in effect - allowed a lot of people search for information like it wasn't possible just 10 years ago.
What did banks improve so much in 10 years? I would not have cared about their profits if they did not cause prices of oil, steel, wheat and other materials go through the roof, nevermind house prices that would have never gone up so high if it wasn't for lax lending policies.
Spare us the hypocrisyLet us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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