"Name me one market these banks haven`t tried to manipulate or Rig? Whether it is the recent settlements or future settlements in the Power Industry or the many manipulative practices discussed regarding “Metals Warehousing” to outright manipulation of key commodities by artificially taking supply off the market which has happened many times in the history of the oil markets.
The point is these firms cannot be trusted, their past behavior in anything market related from CDS, MBS to levering up their balance sheets by 40 to 1 ratios, should serve as a warning to any critical regulative body that it is a bad idea to let them “play” around in any essential commodity that consumers rely on for daily living purposes."
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