Forex

Meet The “Bandits’ Club” – The TBTF Wall Street Cartel Rigging The FX Market

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– Meet the “Bandits’ Club” – The TBTF Wall Street Cartel Rigging the FX Market (Liberty Blitzkrieg, Dec 20, 2013):

Another day, another tale of how the “Too Big to Jail” Wall Street cartel manipulates a major global market with no repercussions whatsoever. Must be nice having essentially every Congressperson and regulator in your back pocket. Get caught? Pay a little fine and get on with it. Everyone wins!

Actually, everyone loses. Except for the handful of FX manipulators, rigging global currency markets from their Essex villages outside of London. These traders for major TBTF banks refer to themselves by various names in their now silenced Bloomberg chat rooms, from The Cartel,” “The Bandits’ Club,” “One Team, One Dream” and “The Mafia.” Very classy guys. Glad we bailed your asses out…

More from Bloomberg:

Read moreMeet The “Bandits’ Club” – The TBTF Wall Street Cartel Rigging The FX Market

Energy Prices: Manipulated – LIBOR: Manipulated – FX: Manipulated – Now Brent Crude: Manipulated – But Suggest Gold Is And You’re Branded A Whacko!

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Want To Trade FX On Inside Information? Here Is How To Do It, Straight From Kashya Hildebrand (Video)

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– Want To Trade FX On Inside Information? Here Is How To Do It, Straight From Kashya Hildebrand (ZeroHedge, Jan. 12, 2012):

Wondering how wives of (ex) central bankers would engage in insider trading if that was their intent (forgetting for a second that if one is the wife of a central banker one probably should not be engaging in any FX transaction to begin with)? Now we know, courtesy of this first interview with the wife of the former SNB head following his departure in which she tell us how a former Moore Capital currency trader would engage in FX insider trading “if one wanted to…”

Video vom 11.01.2012, 17:16

BUSTED: Citigroup Caught BLATANTLY Marketing Itself As Casino

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In the course of getting to know the online forex landscape, we came across the following.

citigroup

That’s right. When you do a search for “Casino Bonanza Online” you get two ads for online casino-based sites, but the very first is an add for CitiFXPro.com, which is, yes, a retail Forex trading site run by Citi.

Now, it’s not really shocking that a multi-headed behemoth as big as Citigroup (C) has a retail Forex site, but here they’re specifically advertising against gambling-related terms, and showing up right next to Best USA Online CASINOS.

Major Wall Street firms are frequently likened to casinos, but they’re usually not this blatant about it, and usually their services are geared towards sophisticated, institutional investors. But CitiFXPro.com is pure retail, requiring only $10,000 to open an account. That’s not non-trivial, but it’s way less than the threshold for anything that would be regarded as institutional.

And if all this alone weren’t enough to make Paul Volcker lose his lunch, check out what Citi lists as its advantages. Check out the fourth one, specifically:

Read moreBUSTED: Citigroup Caught BLATANTLY Marketing Itself As Casino