William D. Cohan: UBS Libor Manipulation Deserves the Death Penalty, Shut Down

Categorized | STOP FORECLOSURE FRAUD

William D. Cohan: UBS Libor Manipulation Deserves the Death Penalty, Shut Down

William D. Cohan: UBS Libor Manipulation Deserves the Death Penalty, Shut Down

Each and Every Single bank who has committed massive fraud deserves the death penalty. This includes all the banks that have close ties to regulator/lap dogs.

Bloomberg-

There is no point in mincing words: UBS AG (UBSN), the Swiss global bank, has been disgracing the banking profession for years and needs to be shut down.

The regulators that allow it to do business in the U.S. — the Federal Reserve, the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Office of Comptroller of the Currency — should see that the line in the sand was crossed last week. On Dec. 19, the bank paid $1.5 billion to global regulators — including $700 million paid to the CFTC, the largest fine in the agency’s history — to settle claims that for six years, the company’s traders and managers, specifically at its Japanese securities subsidiary, manipulated the London interbank offered rate and other borrowing standards.

[BLOOMBERG]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8690 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com

Archives