Forum Post: "JUST BE CAREFUL DUDE": Traders at UBS chat about rigging global interest rates for personal gain
Posted 11 years ago on Dec. 19, 2012, 2:09 p.m. EST by toobighasfailed
(117)
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News from this morning says that UBS has been fined $1.5B after regulators uncovered over 2,000 instances of 45 different traders and executives manipulating global interest rates. Their own words ("JUST BE CAREFUL DUDE") speak to their guilt. Two former employees were charged with crimes.
I just created an image this morning to capture some of the most egregious clips from their chats:
http://www.switchyourbank.org/justbecarefuldude
And here are two articles about the UBS stuff:
http://www.bbc.co.uk/news/business-20781763
http://online.wsj.com/article/SB10001424127887324407504578188342618724274.html
Wall st criminal bastards. Jail time is what we need for these corp 1% oligarchs. See how quick we see a change in behavior.
Yeah, it's crazy that they have record of 45 individuals doing this and other illegal stuff, but only 2 go to jail...
2? wow that's more than usual. Probably little guys that didn't quite tow the corp line. Certainly not the big guys.
Yeah, they were guys who'd already gotten fired before all this went down—sacrificial offerings.
Sounds like it. Not enough!!! The justice gods are not satiated by these woefully small sacrificial offerings.
They will have to try again.
These are the kinds of conversations that go on all day, every day, in board rooms all over the World.
Most pay dearly to keep us from hearing it.
Welcome to the neolibe(R)tarian reality, where even your "right" to privacy can and will be used against you.