now we're told over and over again we got free market so I you know why do
liberals progressives
up populous people who actually care about the american people keep compile
any for somebody just think it over the free market okay
well what's interesting is that it turns out that the
top banks read the market's and
they've been fined over and over for now on the latest fine is a 2.3 billion
dollar
fine from a the European Union antitrust regulators
n he goes to dodge a bank Royal Bank of Scotland
Citigroup Society General JP Morgan
an RP Martin yes that's it international collection a bank's
that literally got together and decided
yeah that thing they call live or which sets the interest rate for all of us
we're gonna regret happy about this do you know that
live or affects 3
100 trillion dollars worth of assets
and contract now it does mean the park at the three hundred trillion
but at interest rate applies to all three hundred trillion dollars were the
contracts
so every time they separate it affects at least have a bus negatively
that we dispose the flow based on the free markets
but it ain't free it's fixed by
literally about 20 guys now they are doing seven criminal investigations it
to the CEOs of the companies of course not all
did our company said the most important rate in the world
or college eerie know anything about that sure you did
and look be used on a decent job you're going getting the 2.3 billion dollar
fine
but the Kappa finds a ten-percent have a company's global turnover
wiser any cap it all meet these guys are robbing us blind
on this enormous and amount of money that is being
at played around with here wiser to cap it all
the ish look the it what it is is whether it's the European or america
this scared to death when the banks open cut
what we've we went after more than 10 present what the bank was the
become unstable ice well look that look at Iceland babe nationalize the bank not
forever
but initializer banks when the banks were doing illegal activity
just like this and then eventually they put him back in private hands
when they had straighten out the mess so but now
known all over the world are too big to fail so we just Niccum a little bit you
think the day
2.3 billion a price you think the only made two point three billion dollars
%uh the libel rigging if you do you don't know anything about banking
this is a laughable fine after unbelievable transgressions
so now Joaquin all Maria
sorry for bothering the name you competition commissioner says
what a shock me about the libel or in europe or scandals
is not only the manipulation a benchmarks which is being tackled by
financial regulators worldwide
but also the collusion between banks who were supposed to be
competing with each other you see any real competition here
so every time you rush limbaugh on Fox News and all those guys saying what up
well-respected be just leave it up to the free market
I don't compete with one another about so what did you the best result
but they're not competing they realize they have 20 even get together in
collude
take its school arrest the bus and who protects them
conservative commentators throughout the world who get paid by them
conservative politicians and frankly also democratic politicians
who protect them at the national level finally
reuters says JP Morgan confirm its
79.9 million euro penalty in the library case
but said he would defend itself new Europe or case now first to be fair
dodge a bank did a got about 10 times the penalty
they were more guilty in this case the JP Morgan was although JP Morgan was
among their
guilty parties there now what I like in their quarters JP Morgan say
your bore well you don't have like we maybe they're saying we're not guilty on
a maybe they're saying you don't have good enough evidence there
and we have a team lawyers wanna fight but I live or you're totally right
you know these George now meanwhile
GE though CEO JP Morgan Jamie diamond goes around
casa like what are people complaining about I don't know
I don't know why the don't like us bankers
well we're just competing in a free market we should only get bigger what we
want to regulate us
maybe it's because you rob us over and over and over again
and the pair simple little penalty then you go on your way and by the way this
is 100
at least happen dozen major case against JP Morgan
there's a corruption a in China that we report on recently there's the libel
case
there's original mortgage fraud from 2007-2008
is a thirteen billion dollar settlement coming in those reno's
and the list goes on and on but every time you turn on TV in America
there somebody like me Maria Bartiromo who use me as CNBC was not go to parks
business crime going to follow the phone or pewter BW the poor bakers
it's because a whole skill corruption like this which they actually readily
admit to
because they think what difference does it make we pay small percentage
and the media who supposedly the wraps on the Guardian's look
government are just gonna let us get away with it and the government is
already in our back pocket
unfortunately all over the world that's how our so called the market is working
now right now
or not working walk touch back dot com
go