Adafruit Holiday Shipping Deadlines 2018: Attention! Place all UPS 3 Day orders by 11am ET Wednesday 12/13/2018
0

Five big banks plead guilty to rigging currency markets “too big to jail” @chase #makerbusiness

Five Big Banks Plead Guilty to Rigging Currency Markets and No One Goes to Jail.

The five biggest banks, Citigroup, JP Morgan Chase, Barclays, The Royal Bank of Scotland, and UBS, have all pleaded guilty to multiple crimes involving foreign currencies, interest rates, and collusion. The traders, according to the New York Times, had formed a, quote, “an invitation-only club where the stakes were so high that newcomers were warned: mess this up, and sleep with one eye open.” The pleas are expected to be heard this afternoon in federal court. Joining us now from Sag Harbor, New York to discuss all of this is James S. Henry. James is a leading economist, attorney, and investigative journalist.

They all rigged the foreign exchange markets and more. Check out what CHASE posted on their site.

JP Morgan Chase – MAY 20, 2015 DISCLOSURE NOTICE.
JP Morgan Chase – CLIENT LETTER REGARDING SPOT FX SALES AND TRADING PRACTICES.

We added markup to price quotes using hand signals and/or other internal arrangements or communications. Specifically, when obtaining price quotes for bids or offers from the Firm, certain clients requested to be placed on open telephone lines, meaning the client could hear pricing not only from a salesperson, but also from the trader who would be executing the client’s order. In certain instances, certain of our salespeople used hand signals to indicate to the trader to add markup to the price being quoted to the client on the open telephone line, so as to avoid informing the client listening on the phone of the markup and/or the amount of the markup. For example, prior to agreement between the client and the Firm to transact for the purchase of €100, a salesperson would, in certain instances, indicate with hand signals that the trader should add two pips of markup in providing a specific price to the client (e.g., a EURUSD rate of 1.1202, rather than 1.1200) in order to earn the Firm markup in connection with the prospective transaction.

U.S. Prosecutors Can Hang Felonies on Big Banks: Now What?


We use some of these banks and the services are terrible, the bankers we work with aren’t at fault, this is a deeper issue, there is no consequences to any actions.


Stop breadboarding and soldering – start making immediately! Adafruit’s Circuit Playground is jam-packed with LEDs, sensors, buttons, alligator clip pads and more. Build projects with Circuit Playground in a few minutes with the drag-and-drop MakeCode programming site, learn computer science using the CS Discoveries class on code.org, jump into CircuitPython to learn Python and hardware together, or even use Arduino IDE. Circuit Playground Express is the newest and best Circuit Playground board, with support for MakeCode, CircuitPython, and Arduino. It has a powerful processor, 10 NeoPixels, mini speaker, InfraRed receive and transmit, two buttons, a switch, 14 alligator clip pads, and lots of sensors: capacitive touch, IR proximity, temperature, light, motion and sound. A whole wide world of electronics and coding is waiting for you, and it fits in the palm of your hand.

Join 9,200+ makers on Adafruit’s Discord channels and be part of the community! http://adafru.it/discord

CircuitPython – Python on Microcontrollers is here!

Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.

Join us every Wednesday night at 8pm ET for Ask an Engineer!

Follow Adafruit on Instagram for top secret new products, behinds the scenes and more https://www.instagram.com/adafruit/


Maker Business — Japanese word working and more in December’s issue of HackSpace magazine!

Wearables — Solder-less magic

Electronics — = != ==.

Biohacking — Finding Bliss with Anandamide

Python for Microcontrollers — sysfs is dead! long live libgpiod! libgpiod for linux & Python running hardware @circuitpython @micropython @ThePSF #Python @Adafruit #Adafruit

Get the only spam-free daily newsletter about wearables, running a "maker business", electronic tips and more! Subscribe at AdafruitDaily.com !



No Comments

No comments yet.

Sorry, the comment form is closed at this time.