by Adam English
Outsider Club
The running list of manipulations by mega banks touches every corner of finance.
Virtually every commodity has been hit by massive positions that influence prices for illicit gains.
LIBOR and delaying interest rate information amounted to $880 trillion in manipulation alone, and affected every mortgage and loan worldwide.
Big banks walked away with fines that don’t even match the profits reaped from the mortgage fiasco at the heart of the Great Recession.