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re: Global Banks fined $3.4 Billion for FX market manipulation

Posted on 11/12/14 at 10:38 am to
Posted by LSURussian
Member since Feb 2005
127182 posts
Posted on 11/12/14 at 10:38 am to
YAY! The government taking more money from stockholders!! Hip-hip-hurray!!!
Posted by LSU0358
Member since Jan 2005
7920 posts
Posted on 11/12/14 at 11:16 am to
Stockholders for these institutions get the shaft. If they take a huge risk that is successful, the stockholders benefit much less than the guy getting an 8 figure bonus. If the risk goes against the bank, the shareholder gets the shaft. After all it was the shareholders money being used to take the risk. If the government fines the company, who suffers? No one at the bank, whether it be the CEO, traders, etc get fined a cent. The shareholders foot the bill.

Sounds like great work if you can get it.
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