Saturday, November 16, 2013

Everybody's Doing It: Dutch Bank Rabobank To Pay $1 Billion To Settle Case Over Libor Manipulation !!

 Join the crowd. The more the merrier. Pile on..Last Bank to pay a  billion is a "monkey's uncle". Rabobank  has joined the "billion dollar fine/penalty club". Yes, they've agreed to pay $1 billion as a penalty for their deception. After UBS's $1.5 billion donation, it's the largest payment to date.
   Hey, what's the difference? It's only monopoly money.

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