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1.5 Quadrillion Dollar Storm: EU Accuses 13 Banks Of Derivatives Collusion Citi,Goldman Sachs,Barclays,HSBC,JP Morgan RBS All Of Them

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Collusion is an agreement between two or more parties, sometimes illegal and therefore secretive, to limit open competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law typically by defrauding or gaining an unfair advantage. It is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities.[1] It can involve “wage fixing, kickbacks, or misrepresenting the independence of the relationship between the colluding parties”.[2] In legal terms, all acts affected by collusion are considered void

https://en.wikipedia.org/wiki/Collusion

The European Commission said on Monday it suspected that 13 top investment banks including Barclays, Deutsche Bank and Goldman Sachs, colluded over derivatives trading in breach of EU antitrust rules.

A preliminary investigation showed that banks colluded to exclude exchanges from the over-the-counter market because they feared involvement by the exchanges “would have reduced their revenues from acting as intermediaries,” the Commission said.

The banks instead allegedly continued over-the-counter trading in the massive credit default swaps (CDS) market between 2006 and 2009 — an opaque business that was seen as contributing to the global financial crisis, the Commission said in a statement.

The EU’s Competition Commissioner Joaquin Almunia said the banks would now have the chance to respond to the accusations, and that if the charges were confirmed once the investigation was completed they could face fines.

“If it is confirmed that banks collectively blocked exchanges from the derivatives market, the Commission could decide to impose sanctions,” Almunia said at a press briefing.

“Exchange trading of credit derivatives improves market transparency and stability,” he said, adding that collusion between the banks to prevent this type of trading would be “a serious breach of our competition rules”.

http://www.bangkokpost.com/news/world/357814/eu-accuses-13-banks-of-derivatives-collusion

Banks accused by EU of stifling derivatives competition

Barclays and HSBC are among the 13 banks suspected by European Union regulators of using anti-competitive practices to stop rivals from offering alternative ways to trade highly profitable products such as credit default swaps, a form of insurance us…

Read more at http://investmentwatchblog.com



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    Total 13 comments
    • Ahura Madza

      I bet the Banksters are quivering in their boots. What a laff.

      • ThenAgain

        They created the UN, all the agencies, the EU, all of it. This is just part of the act.

    • TruthandFreedom

      I say prosecute and jail those bankers!

    • Saber

      any fine will surely be a very small percentage of their profits.

    • Thane36425

      In mid-2008 a couple of reports appeared that the US Treasury Department was experimenting with quadrillion dollar budgets for the government. Those stories didn’t stay up for very long but were rather troubling.

    • Anonymous

      O.K. so who would get this half pence in fines? The U.N.? Surely not the investors, and definitely not the poor working class that props up this whole Masquerade. Sorry our leadership was all wrong, that house you got kicked out of, you actually own it, and can move back in, and we will be sending you a check for your troubles. Cheerio.

    • Watching you

      Jail, jail,jail, The rest of us would be if we did that.

    • Anonymous

      Screw the fines. Execute the senior staff of the banks that are found guilty. That is the only recourse for the reprobate mind that destroys millions of lives. Bankers that do these things are even worse than then ideologue mass murderers. At least murderers like Hitler and Stalin put the victims out of their misery. The bankers keep the carcasses alive to live in anguish for the rest of their lives.

    • Volcano

      All arranged by NWO, They will not stop and cannot be stopped,Only Secret Patreotic Millitary Forces Might be able to.

      • ThenAgain

        More accurately called the zio/jew world order. http://www.pgorg.com
        Btw that av, that’s sort of in line with what a troll would use to distract. Using sex as distraction is a big part of their agenda as they also own/run the porn industry and are behind the gay pushing, mk ultra etc. Your comments do not seem trollish, but you may want to reconsider the av.

    • YellowRoseTx51

      I find it interesting that Karen Hudes used the information I sent, but didn’t use the appropriate terms in her interviews. The 147 Corporations listed, are properly called a Company Store System.
      This information was only recently (last 60years) removed from the public. The Covens of Azazel, are the incorporated Covens created by Alexander Helios, Elizabeth 1 and George (the Incestuous Twins). They created the Slave system around us. Religions/Covens, Corporations & the 5 day work week were all fruits of labor are seized as Tribute to “god”(corporations are a dual named, coven system), Commerce, Banking and Priest Kings/Legislation and Pharisees. It is not our orginal system, and we went to war over it. They have erased the history I was taught. The Coven age, created the Charters Bill of Rights.

      Adams Branch, Mankind is the Right Hand Path, under Natural law and given Rights.
      SET’s branch (sumerian An/hebrew Solomon) are the Left Hand Path(Sociopath) and this is why the pharaohs statues led with the left foot.

      It was supposed to be a fair knock, you were to choose by free will what path/orientation you were. Service to Others(Right), or Service to Self, (Left) What they did was launch a world war, and we lost the battle. This is in the 1917 Geneva convention which is now removed from the public. From that point on, they altered books, definitions, and ‘religiousized’ the War “In Heaven” which is a real war.

      The branch of SET (whom common man called ‘Satan’) is Incestuous by Nature, and this is what the law of the seed, ‘royals only marry royals’ is about. They are also the Origin of Pedophilia, which is part of their Coven religion. It is “high service to Selene(Lilith)” whose saxon name was Elizabeth 1.

      The Covens of Azazel are the “PAPAL, ROYAL & FEDERAL” (COVENS of SELENE)
      The division of power was that the Papal wrote the Laws and are the source of all Legislation. The Vatican is responsible for holding all records of the Bloodline, by Degree and Line (Canon 108) “Vatican” is defined as “Vater I Kan” which is ‘Father of the Kin” and this created the “Mafia”. The Pope is the Head of the Illuminati, which is the coven of the illu whom the hebrew call “El(ohiem)” and today we call them ‘greys’. And from this we coined the term “Nepotism” and made it illegal.

      The Royals, specifically Elizabeth, own the Money system. She is allowed insider trading still, although they divided the power structure further so that the Royals wouldn’t suffer another pogrom as occurred in Moscow, 1680. The Royals own all the oil corporations. Elizabeth as the Head of the Church, is passed the Coven of Freemasons, which Alexander (Selene/Elizebeth 1′s first husband) created as “Massawa, the great architech god of his coven Freemason”. He taught them to build the monolithic doors into the churches which allowed the coven to offer their followers up as human sacrifice for possession to the El. This is the blood pact of Coven Ant and the origin of the term “Sacrifice of the Mass”(es of humanity gathered in the church)

      The Federals are the Lesser Nobility that Elizabeth placed a Divine right of rule for, so that they could ‘get their fee due’ from the slave populations in the same way the royals did. The ‘Federals’ were the “Merchants and Moneylenders at the Temple” in Babylon, Ur. Selene(QE1) created the “corporations” which are the Entrainment system for the Followers of SET to the Left Hand path by placing profit concerns over life concerns. Corporations are designed to allow for the Highest Service to Self which is defined as “Murder of Self or Other”. This gave Rothschild the overseer position of Selenes money system, and he created the Bills of Exchange Act among other things.

      The vatican looks at the bloodline of the claimant. Then issues charters with divine powers, rights, or privileges based on that degree and line. IE, ‘D.H.S.’ is a for profit corporation which is a partial interest corporation *US does not own it, only holds partial interests in the corporation* and was created by Ratzinger, which is why the strong ‘nazi’ appearance and name.

      We placed in our charters the Security of the PERSON, among other laws, to estoppel their Covet Means. This was then stolen by the federals, and the bonds are now held at the Vatican who made itself the Security Exchange Executive. “HOLY S.E.E.”

      “COVET MEANS” was defined as the “Method of Warfare of the Covens of Azazel, against the Societies of Man, with express intent to commit mass murder of the society”. In other words, they have to work at it. The Method of Operation was defined as “Altering the Merchant Pricing, Altering the by-Laws(legislation of corporate governing bodies) and Altering the Money System and removal of records from public view, to Target what the Coven Coveted and force that Target into Default which by the altered laws allowed for their use of Force of Law to seize.”

      There was more to the tale. It included whom ‘Jesus’ was. And this is what the priest at Chateu le Rennes found out, and what drove him mad. It was the custom to deify the priest kings as gods. “Cesarean” was his roman name. His saxon name was Prince Charles, who married his Mother Selene(QE1) in order to keep the Coven Diarchy, which was the hebrew custom. That was the final straw that caused the last uprising, and that is when “Arsinoe” (Selene/QE1) statues had their noses cut off…for lying.

      And this is why Nostradamus and others, foretold of the Vatican and other churches being attacked. The Orthodox Hebrew who were the target of the pogrom in Russia, not only knew, but up until the 1970′s were proud…to claim that their god was ‘Satan’. And that is the truth. As followers, they were told that Earth was and belonged to ‘Satan’, and he was ‘just misunderstood’. In line with that, they pull out the propaganda of Thoths Halls of Amenti(Amun-T.I. matt), the Emerald Tablets, and other like works.

      People have invested so much into their believe system of propaganda, they dont want to hear the truth of this. But “Lilith”, “An”, these are real people. And so is the Father of Man, whom we call ‘GOD’ our “Heavenly Father”. The trick is that you are not in your original location. They are possessed of what is called an ‘incorruptible body’. And it is a high tech wizard of oz trick with mind erasures, programmed ‘skits’, cloning sold as ‘reincarnation’, etc. The money system & corporations, etc. is their system, so is ‘wicca’, ‘budha’, ‘shiva’ and all the religions and that is why we called them ‘snake worship’.

      • ThenAgain

        I suggest people start with this point “The Orthodox Hebrew who were the target of the pogrom in Russia, not only knew, but up until the 1970′s were proud…to claim that their god was ‘Satan’.” – Then see the link I posted above, start there, and understand this group goes back to before the ‘money changers’ as you rather describe. Which groups has been kicked out of country after country, but per the phony ‘ww2′ really got their game going and have now really taken over everything. People need the stepping stones. They still have their many many front groups today http://www.stormfront.org/forum/t972004
        The first big hoax that has served to take down America –
        http://zioncrimefactory.com/the-six-million-myth/
        I don’t necessarily endorse the site, haven’t had time to review all of it but the page is good
        http://northerntruthseeker.blogspot.com/2010/11/why-are-jews-persecuted.html
        Also don’t endorse religious sites but this is a good list
        http://www.biblebelievers.org.au/expelled.htm
        Copy, save links to review, share w/others along with the link posted above, feel free to use them in your own comments of course.

    • Anonymous

      The mavens of The Net catch the Banksters applying their trade for the benefit of the regal drones of Europe and the ‘EU’ tries to cover their tracks like a cat in a litter free stink box. Like your kids being caught running a fencing operation out of your basement for the past ten years and the cops can no longer take their cut unexposed. What a crock. Banksters will fit neatly under the bus, rest assured. Treachery is the art of kings.

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