Public Confused Why World’s Biggest Banks Admitting Criminal Fraud, Leads To Public Yawns

Jon Alternative Media, Banking, Blogosphere, Corruption, Economy, Energy, Gold, Market Commentary, Precious Metals

It was about two years ago when we summarized all the known and confirmed rigged markets.
Libor – interest rates (link) ISDAfix – swaps (link) Platts – oil prices (link) WM/Reuters – FX (link) High-Frequency Trading – equities (link) Since then things have gone from bad to worse for believers in fair and efficient markets, with not only countless more banks now admitting they rigged Libor and FX, not to mention gold (yes gold too was manipulated as impossible as it sounds) and even the CFTC finally figured out just how spoofers manipulate the price of both stock indices and gold, but that biggest master manipulator of all, the world’s central banks, unleashed a record liquidity blitz into world markets with 2015 set to be the year in which CBs are set to monetize all net issuance.
It all culminated with yesterday’s settlement in which five of the world’s biggest banks, including JPM, Citi and Barclays, agreed to plead guilty in a currency-rigging probe.
And, to Bloomberg’s dismay, the public yawned.

This post was published at Zero Hedge on zerohedge.com.