Tag Archives: It’s Currencies

Matt Taibbi – Everything is Rigged, Vol. 9,713: This Time, It’s Currencies – 14 June 2013

A foreign exchange banker stands behind US dollar bank notesA foreign exchange banker.  (Chung Sung-Jun/Getty Images)

I’ll get into this in more detail later (I’m on deadline for a magazine feature), but this story just landed. Given the LIBOR story, the Interest Rate Swap manipulation story, the Euro gas price manipulation story, the U.S. energy price manipulation story, and (by now) countless others of the “Everything is Rigged” variety, this screams out for immediate notice. Via Bloomberg: Continue reading