Some are calling it the banking industry’s “tobacco moment,” while others insist that it is only one example of the widespread and rampant problems plaguing the financial universe. Greed, corruption and collusion are terms often used synonymously with the market movers and money makers on Wall Street, whose voracious appetites seem to blur the lines of morality and ethics. The sensationalism surrounding the LIBOR scandal has spurred the masses to raise their metaphorical pitchforks once again, calling for judicial action, stricter regulations and more aggressive reforms. As everyday traders and investors fall victim to the unscrupulous acts of LIBOR’s manipulators, many are left wondering how this seemingly abstract issue will affect their very real-life coveted investments [see also How To Lose Money Trading ETFs]. The Culprits The manipulation of arguably one of the most important figures in finance actually started several years ago. Although no one knows exactly when it began, [...] Click here to read the original article on ETFdb.com. Related Posts: New ETF: Floating Rate Bond SPDR State Street Plans Floating Rate Bond ETF iShares Launches Floating Bond ETF (FLOT) Bond ETFs For Every Objective Using ETFs To Build A Complete Bond Portfolio
Some are calling it the banking industry’s “tobacco moment,” while others insist that it is only one example of the widespread and rampant problems plaguing the financial universe. Greed, corruption and collusion are terms often used synonymously with the market movers and money makers on Wall Street, whose voracious appetites seem to blur the lines of morality and ethics. The sensationalism surrounding the LIBOR scandal has spurred the masses to raise their metaphorical pitchforks once again, calling for judicial action, stricter regulations and more aggressive reforms. As everyday traders and investors fall victim to the unscrupulous acts of LIBOR’s manipulators, many are left wondering how this seemingly abstract issue will affect their very real-life coveted investments [see also How To Lose Money Trading ETFs]. The Culprits The manipulation of arguably one of the most important figures in finance actually started several years ago. Although no one knows exactly when it began, [...]
Click here to read the original article on ETFdb.com.
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