Barclays, HSBC, and UBS were allegedly involved in rigging the silver market

[think]

REPORT: Barclays, HSBC, and UBS were allegedly involved in rigging the silver market

By Will Martin - Dec. 8, 2016, 4:57 AM

Major banks including HSBC, UBS, and Barclays were allegedly involved in the rigging of the silver markets, according to a legal filing in New York on Wednesday, Bloomberg reports.

Legal documents presented in the filing allegedly provide "smoking gun" evidence that banks worked together to manipulate the silver markets, and relate to a federal lawsuit filed in 2014 by those that bought or sold futures contracts.

"Plaintiffs are now able to plead with direct, ‘smoking gun’ evidence,’ including secret electronic chats involving silver traders and submitters across a number of financial institutions, a multi-year, well-coordinated and wide-ranging conspiracy to rig the prices," the filing says.

The alleged evidence provided by the unnamed plaintiffs comes from a series of documents handed over by Deutsche Bank in an earlier suit over their alleged involvement in rigging the silver market. In October, Deutsche Bank settled a suit related to its alleged involvement in silver price manipulating agreeing to pay $38 million...

Read more:
http://www.businessinsider.com/ubs-hsbc-silver-market-rigging-lawsuit-2016-12

[Initech]

2. Our corporate overlords just can't stop taking, can they?

[think]

3. It's quite bizarre to watch scandal after scandal where the banks pay a fine and go on like nothing

ever happened...

[Initech]

5. And nothing will ever be done about it because we deregulated the banks.

[Wellstone ruled]

4. Trading in Silver started to get

goofy last year. Last I looked,anyone who held Silver lost 20% in the last year.

[n2doc]

6. The modern Hunt Bros.

http://www.investopedia.com/articles/optioninvestor/09/silver-thursday-hunt-brothers.asp