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Re: maverick_1 post# 15419

Friday, 07/11/2014 7:43:40 PM

Friday, July 11, 2014 7:43:40 PM

Post# of 701366
Maverick: Reuters; "The Alpine nation's bankers got a jolt last week after Credit Suisse agreed to plead guilty to helping wealthy Americans evade taxes and pay a fine of $2.6 billion, more than double the amount it had set aside for the purpose."

http://www.reuters.com/article/2014/05/30/usa-switzerland-tax-idUSL6N0O72AZ20140530

You were saying that Barclays and the Swiss Banks were recently found tied to dark shorting. With the Credit Suisse recently fined so heavily (though a drop in the bucket on their scale probably) maybe there is a change in the attitudes toward those banks. They have been able to do whatever they want for a long time now, it would seem.

I know someone that worked at Barclays for a while. He tells me he often heard the phrase, "Fk the street". I am not certain he heard it from the brokers or just in the general sector, but he left disgusted with what he learned about things being rigged.

I don't understand how the US could go to such great lengths to monitor literally every phone call and email that Americans make, in part to ensure that there is no $ support to unfriendlies, but there is still no requirement that every share traded in the stock market have a name on it. This is what allows dark shorting, isn't it?

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