Poll: We Should Get Rid of The Federal Reserve And Central Banks Because:
“Let Me Issue And Control A Nation’s Money And I Care Not Who Writes The Laws.”
Mayer Amschel Rothschild,
“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”
“It Is Well Enough That People Of The Nation Do Not Understand Our Banking And Monetary System, For If They Did, I Believe There Would Be A Revolution Before Tomorrow Morning.”
Bank of America to Pay $30 Million in Benchmark-Manipulation Settlement
The bank was accused of trying to help its own derivatives positions.
Bank of America Corp. will pay $30 million as part of a settlement with the Commodity Futures Trading Commission related to charges that the bank tried to manipulate a benchmark for interest-rate products over a span of six years.
The CFTC said Wednesday that Bank of America tried to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix, or ISDAfix, to help its own derivatives positions. It also accused the bank of false reporting.
International Bank Agrees To Pay US $70 Million To Resolve CFTC Charges That It Attempted To Manipulate ISDAFIX Benchmark
Deutsche Bank Securities Inc. agreed to pay a fine of US $70 million to resolve charges brought by the Commodity Futures Trading Commission alleging that, from at least January 2007 through May 2012, it attempted to manipulate the US Dollar International Swaps and Derivatives Association Fix benchmark. The CFTC claimed that DBSI engaged in such violation through the acts of some of its traders who caused the firm to make false submissions in order to impact the Fix in a direction to help benefit the firm’s trading book.
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