Gold price fixing.

[IdahoCopper]

And another bites the dust.

https://www.bloomberg.com/news/articles ... als-prices

[Recyclersteve]

Isn't it interesting how the defense lawyer says there is a very good chance that this was either a government created crime or standard industry practice? Both of those two alternatives are bad news for investors and speculators looking for honest market action.

[johnbrickner]

<sigh>

The culture of this kind of behavior comes from the top down. The bank itself seems to have criminal immunity from a cooperation "deal" made in the past so they are going after a trader who worked for the bank. Small fry.

Want to stop this behavior?

If the following was done . . .

Seize ALL assets (including those tucked away in foundations, given to family members, etc. with all privacy laws null and void for the sake of finding said assets) of, and take the Vice President/Vice Chairman and up executives and the entire Board and Executive Board of UBS, and hang them together. Place the photo on the wallpaper of every Facebook account that exists and make it non-removable with the caption "This is What Happens to Banksters".

The first attorney/representative that comes forward on behalf of the corporation, any of it's associates, all involved, or anyone obstructing or fails to co-operate with the asset forfeiture has the same done along side and adds "and their Whores" to the sign. Update and replace the photo every week 'til the bones are clean. Take down and return bones along with the sign to the new Board of Directors to forward to next of kin. Package to be opened with complete media coverage at the next Board meeting. Company to pay travel costs for shareholder attending. Attendance mandatory for Board, Executive Board, all Executives and top 50% of shareholders. Medical excuse considered but not guaranteed.

It's a jungle out there.

Tax refund check the assets later to those who have filed consecutive for at least the last 15 years (to cover the time period of the thefts) who are not in the top 10% of income for the majority of those years. Company pays all costs involved.

. . . the industry (and perhaps several others) would clean up it's act very quickly.

[Recyclersteve]

John, if I was a bank teller and took some silver from my cash drawer that I bought for face value, hopefully you wouldn't want to hang me too!

[johnbrickner]

The tellers in the trenches are not committing crimes against humanity nor anyone else.

[shinnosuke]

<sigh>

The culture of this kind of behavior comes from the top down. The bank itself seems to have criminal immunity from a cooperation "deal" made in the past so they are going after a trader who worked for the bank. Small fry.

Want to stop this behavior?

If the following was done . . .

Seize ALL assets (including those tucked away in foundations, given to family members, etc. with all privacy laws null and void for the sake of finding said assets) of, and take the Vice President/Vice Chairman and up executives and the entire Board and Executive Board of UBS, and hang them together. Place the photo on the wallpaper of every Facebook account that exists and make it non-removable with the caption "This is What Happens to Banksters".

The first attorney/representative that comes forward on behalf of the corporation, any of it's associates, all involved, or anyone obstructing or fails to co-operate with the asset forfeiture has the same done along side and adds "and their Whores" to the sign. Update and replace the photo every week 'til the bones are clean. Take down and return bones along with the sign to the new Board of Directors to forward to next of kin. Package to be opened with complete media coverage at the next Board meeting. Company to pay travel costs for shareholder attending. Attendance mandatory for Board, Executive Board, all Executives and top 50% of shareholders. Medical excuse considered but not guaranteed.

It's a jungle out there.

Tax refund check the assets later to those who have filed consecutive for at least the last 15 years (to cover the time period of the thefts) who are not in the top 10% of income for the majority of those years. Company pays all costs involved.

. . . the industry (and perhaps several others) would clean up it's act very quickly.

I both wish John were still here and wonder if his views have softened any since his passing. Hope to see him someday and ask.