Saturday, April 27, 2013

Price Manipulation by BIG BANKS!! Sounds bad and impacts you and I!

In layman’s terms, Taibbi explains, “if you can imagine paying 20 bucks for a crappy PB&J because some evil cabal of agribusiness companies colluded to fix the prices of both peanuts and peanut butter, you come close to grasping the lunacy of financial markets where both interest rates and interest-rate swaps are being manipulated at the same time, often by the same banks.” 

http://www.alternet.org/austerity-brings-unemployment-new-highs-spain-and-france-so-why-do-pols-keep-pushing-it-us?akid=10373.294211.lRLE8j&rd=1&src=newsletter831496&t=17

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