All You Need To Know About The Bank Market-Rigging Settlements In 34 Words

One can read the volumes of available literature explaining everything that has transpired since the first Libor manipulation became public, then proceeding to FX, then gold and so on (next up E-minis, Treasurys, options and so on) or one can just read these 34 words which explain everything one needs to know.

This post was published at Zero Hedge on 11/12/2014.