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when clients questioned Barclays about these rejected trades, Barclays failed to disclose the reason that the trades were being rejected, instead citing technical issues or providing vague responses.
Funny: that’s precisely what every single HFT operator does when accused of rigging markets! We continie:
Together with a previous May 2015 enforcement action related to manipulation in the spot FX trading market, today’s action brings the overall penalty Barclays has paid in NYDFS FX enforcement actions to $635 million.
Oh, and how many actual Barclays manipulators have gone to prison? ZERO.
The fund, which had $4.6 billion in assets just two years ago, has shrunk to less than $1 billion as of Nov. 1.
“America is a gulag. We are ruled by a government that is devoid of all morality, all integrity, all compassion, all justice. The government of the United States stands for one thing and one thing only: Evil.”
North Korea? Seriously? Where would they be without Donald Rumsfeld having delivered the technology to build nukes? WTF!
Video is a MUST-SEE!
Here are the new laws in Spain:
1. If you photograph security personnel and then share these images on social media: up to €30.000 fine (particularly if photo exposes violence used against a member of the public). This fine could increase depending on the number of Instagram or social media followers you have.
2. Tweet or retweet information or the “location of an organized protest” can now be interpreted as an act of terrorism as it incites others to “commit a crime” (now that “demonstrating” in many ways has become a crime). Sound “1984”-ish? Read about Orwell and his time in Spain.
3. Snowden-like whistle blowing is now defined as an act of terrorism. If you write for a local publication, be careful what you print, whom you speak to, and whether the government is listening.
4. Visiting or consulting terrorist websites – even for investigative purposes – can be interpreted as an act of terrorism. Make sure you use “Tor” browser, reject cookies, and don’t allow pop-ups. Not to mention, don’t post it on your Facebook timeline!
5. Be careful with the royal jokes! Any satirical comment against the royal family is a new crime “against the Crown”. For example, “What did Leticia and the Bishop have to say after they ––“ (SORRY CENSORED).
6. No more hassling elected members of the government or local authorities – even if they say one thing in order to be elected, but then go and do the exact opposite. Confronting them about this hypocritical behavior. Even if you see them in the street chatting to a street cleaner, dining at their favorite expensive restaurant, or having their shoes shined by that physics graduate who cannot find a decent job in the country, hassling them about their behavior is now a criminal offence.
7. Has your local river been so polluted by that plastic factory along the edge that all life has extinguished? Well, tough! Greenpeace or similar protests are now finable from €601–€30.000.
8. Protests in a spontaneous way outside Parliament are now illegal. For example if Parliament passes a hugely unpopular bill, or are debating something extremely important to you or your community, it is now finable from €601 – €30.000. Tip: Use Google Maps to protest just around the corner – but don’t tweet the location!
9. Obstructing an officer in the course of their business, “resisting arrest”, refusing to leave a demonstration when told, or getting in the way of a swinging baton are all now finable offences from €601 – €30.000.
10. Showing lack of respect to officers of the law is an immediate fine of €100 – €600. Answering back, asking a disrespectful question, making a funny face, showing your bottom to an officer of the law, or telling him/her that their breath reminds you of your dog’s underparts is now, sadly, not advisable.
11. Occupying, squatting, or refusing to leave an office, business, bank or other place until your complaint has been heard as a protest is now a €100 – €600 fine (no more flash mobs).
12. Digital protests: Writing something that could technically “disturb the peace” is a now a crime. Bloggers beware, for no one has yet defined whose peace you could be disturbing.
“This was the second shut down within three days at the site.”
In other words, if US inventories, already at record high levels, and with the inventory to sales rising to great financial crisis levels, had not grown by $121.9 billion and merely remained flat, US Q1 GDP would not be 0.2%, but would be -2.6%.
Oh heck, just round it down to -3.0%
Somewhat ironically, given that April 20th is Hitler’s brithday, one of Greece’s most important political trials against current and former MPs and members of neo-nazi Golden Dawn started this morning.
..., the latest grotesque act caught on dashcam is the following video taken on February 19 showing a police cruiser slamming into an alleged crime suspect, Mario Valencia, holding a gun (however not aiming it at anyone and certainly not the police) at a speed of about 50 mph from behind, in what was clearly a move intended to kill the suspect.
Miraculously, the suspect survived. Ironically, the Police in Marana, Arizona, where the dashcam video was taken, claim that they saved the suspect’s life. His lawyer, understandably, strongly disagrees.
Sydney – Australians who refuse to vaccinate their children will no longer receive child care subsidies and family tax benefits, Prime Minister Tony Abbott announced on Sunday.
The widely anticipated government crackdown comes as Australia sees an increase in the number of so-called vaccine objectors.
As the FT reports, “sales of homes worth more than £2m have dropped by 80 per cent in the past year.”… “It is like the 1970s again, when waves of wealthy people left Britain and it was a disaster.”
“This is not going to be a 1921-style two-year recession that we bounce back from after a little bit of pain and unpleasantness. After a 50-year global economic boon involving what is now a $59 trillion expansion of credit in 50 years, this isn’t going to be a one or two-year hard recession. This is going to be a multi-decade global depression and I’m not sure that anyone alive today would live long enough to see the recovery. I mean, it’s like Rome: when Rome fell, there was a recovery, but it was 1,000 years later. This is the kind of depression we’re looking at if we allow this $59 trillion credit bubble of ours to implode.”
“Rep. Trey Gowdy (R-South Carolina), who heads the House Select Committee on Benghazi, issued a subpoena for the private server that hosted Clinton’s emails as the congressional panel investigates the 2012 attacks on the US consulate in Benghazi, Libya that killed four Americans, including Ambassador Christopher Stevens.
On Friday, he announced that Clinton had failed to respond to the subpoena and had wiped her server clean.”
“If you’re unhappy with what you’ve had over the last 50 years, you have an unfortunate misappraisal of life.”
“We wonder how the increasingly disenfranchised Greeks will react when they find their savings (whatever there is left) are now being directly plundered to fund the nation’s transfer payments (via The IMF) to Ukraine.”