from The Daily Bell:
Federal Reserve Said to Probe Banks Over Forex Fixing … The Federal Reserve is investigating whether traders at the world’s biggest banks rigged benchmark currency rates, raising the risk that firms will be penalized for lax controls as regulators look for wrongdoing. – Bloomberg
Dominant Social Theme: The Fed is on the case of these evildoers.
Free-Market Analysis: Another ridiculous investigation. The more what we call the Internet Reformation makes a difference in people’s lives, the more the very largest entities among us churn and thrash in an effort to impress us with the system’s ultimate fairness.
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