Saturday, May 18, 2013

Who could have anticipated?

Global price-fixing of the oil market?

Other than anyone?


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Montag said...

Well, ever since the advent of the Seven Sisters, there's been collusion on pricing, distribution and, too often, what wars are going to be fought where to protect their interests.

That it's happening with the OTC markets and the banks involved with them doesn't in the least surprise me.

pansypoo said...

the invisible hand is a pickpocket.

orwell had the wrong enemy.
of corporations, by corporations, FOR corporations.

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Anonymous said...

what i want to know is why does it seem to take so long for folks to actually investigate this kind of stuff and why do they always act so surprised when they find out that the markets are rigged?

okay, now they are investigating... bets on if anything is actually done to even the "playing field"?

funny how the rich are always playing with money like a game and the rest of us are simply trying to gather enough to live...


pansypoo said...

i think we need to RE-CALIBRATE punishment.