Barclays, Deutsche Bank Accused of Gold Fix Manipulation
Better Markets, 07 March 2014
“Barclays Plc (BARC), Deutsche Bank AG (DBK) and three other banks were accused in a lawsuit of manipulating the London gold fix, a benchmark used throughout the $20 trillion market for the metal.”
“Kevin Maher, a New York resident who said he bought and sold gold and gold futures and options, sued yesterday in Manhattan federal court claiming the five banks overseeing the century-old benchmark colluded to manipulate it.” Continue reading “Article: Barclays, Deutsche Bank Accused of Gold Fix Manipulation”
Right Makes Might, Courtesy of Abraham Lincoln, February 27, 1860
Sanity Check via Wayback, 16 January 2006
I offered a former SEC Regulatory Counsel access to my files (certainly the most comprehensive of any expert in this matter). When I told him the sheer size of the files and suggested he might want me to parse them to him, he said “I’ll call you.” Right. It was obvious he wanted plausible deniability. I expected no call, and got none.
Having said that, this morass is turning into a situation analogous to the stage Slavery was in 1860, when Lincoln made his great speech at Cooper Union in New York City, containing the third element of his statement supporting the concept of “Right makes Might.”
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