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“Regardless of whether defendants’ conduct constituted a violation of the antitrust laws, plaintiffs may not bring suit unless they have suffered an ‘antitrust injury,’ ” the judge wrote, adding that those suing did not claim such an injury. Because of that, the antitrust claims were being dismissed, the judge said.
Originally posted by Wrabbit2000
No one REALLY thought the BIG banks would ever get more than maybe some fines that they laugh at for dollar amounts, did they? As it happens...they don't even get a minor fine. Well... Par for a crappy course, isn't it?
Even our own Justice Department just about outright said some were too big to prosecute. Well.. No.. Like I said back when that came out ..We have men in the wrong positions who are too SMALL to prosecute what they're required to by the duties of their jobs. Of course..when they're bought, paid for and treated like the family pet by the BIG banks? Who should be surprised? Corruption from top to bottom. Whew.... Stinks, doesn't it?
Berwick: If you watch CNBC, if you actually pay attention to the US media,
they will tell you that "there are green shoots", or "there's is going to be a recovery."
There is no chance of that.
Interviewer: You don't think there are any signs of that?
Berwick: It's not possible. The US government is now 40% of the GDP of the US.
The New York Federal Reserve in July 2012, released documents dating back to 2007 which showed that they were aware that banks were lying about their borrowing costs when setting Libor and chose to take no action against them at that time. Released minutes from the Bank of England indicated similarly that the bank and its deputy governor Paul Tucker were also aware as early as November 2007 of industry concerns that the Libor rate was being underreported. In one 2008 document a Barclays employee told a New York Fed analyst, "We know that we’re not posting an honest Libor, and yet we are doing it, because if we didn’t do it, it draws unwanted attention on ourselves."[
Originally posted by Shuye
Is it just me or the world is falling apart?
North Korea, Cyprus, economies on a verge of collapse worldwide... Seriously it feels like any day now you might log in to ATS and read about another country that is approaching a financial "disaster".
Do others feel the same or am I again spending too much time on ATS lately?