DOJ Lets Banks Off The Hook....AGAIN!

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DOJ Lets Banks Off The Hook….AGAIN!

DOJ Lets Banks Off The Hook….AGAIN!

But we will NEVER!

HuffPO-

The U.S. Justice Department is not planning any penalties on a civil probe relating to allegations that large banks tried preventing competition in the credit default swaps market, the Wall Street Journal reported, citing people familiar with the matter.

The Justice Department pored over trading data, messages, emails and documents about credit default swaps (CDS) as part of the probe for the past four years, which is drawing to a close, the people told the paper.

The probe focused on trading among a small number of CDS traders who conducted most of their business over the phone rather than via computer technology that records and distributes prices, the Journal said. ()

[HUFFINGTONPOST]

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