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Deutsche Bank to pay $38 million in U.S. silver price-fixing

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Deutsche Bank to pay $38 million in U.S. silver price-fixing

Postby IdahoCopper » Mon Oct 17, 2016 5:17 pm

Deutsche Bank AG (DBKGn.DE) has agreed to pay $38 million to settle U.S. litigation over allegations it illegally conspired with other banks to fix silver prices at the expense of investors


http://www.reuters.com/article/us-deuts ... SKBN12H2HB
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Re: Deutsche Bank to pay $38 million in U.S. silver price-fi

Postby beauanderos » Mon Oct 17, 2016 7:06 pm

IdahoCopper wrote:Deutsche Bank AG (DBKGn.DE) has agreed to pay $38 million to settle U.S. litigation over allegations it illegally conspired with other banks to fix silver prices at the expense of investors


http://www.reuters.com/article/us-deuts ... SKBN12H2HB

ok, so that'll take care of my losses... but what about the rest of you guys? Let's just hope that the other banks have to pay hefty fines as well. :clap:

Like that's gonna stop them.
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Re: Deutsche Bank to pay $38 million in U.S. silver price-fi

Postby blackrabbit » Mon Oct 17, 2016 8:46 pm

What, a bank suppressing the price of metals? Next you are going to tell us the elections are rigged! You crazy conspiracy theorists!
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
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Re: Deutsche Bank to pay $38 million in U.S. silver price-fi

Postby Recyclersteve » Tue Oct 18, 2016 12:41 am

I wonder what Ted Butler will say about this...
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Re: Deutsche Bank to pay $38 million in U.S. silver price-fi

Postby Rosco » Tue Oct 18, 2016 4:14 am

So what will oBUMMER spend that on

I enjoyed the lower prices , they helped make up for a few of my High Dollar :shifty: buys
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Re: Deutsche Bank to pay $38 million in U.S. silver price-fi

Postby InfleXion » Tue Oct 18, 2016 4:44 am

Reminds me of the LIBOR rigging. You made trillions of dollars breaking the rules? Give us a couple billion, and please don't do it again, but feel free to continue regulating yourselves because you know the industry better than we do.
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Re: Deutsche Bank to pay $38 million in U.S. silver price-fi

Postby pennypicker » Tue Oct 18, 2016 1:40 pm

$38 million fine? That wasn't a slap on the hand, it was a soft tap on a finger. Freak'n joke :roll:
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