BLOOMBERG Lunch Money December 5, 2013
Using the word cartel often conjures images of colombian drug warts and machine guns. Drug lords and machine guns. Merriamwebster defines a cartel as a group of businesses that agree to fix prices so they will all make more money. That sounds illegal to me. And that is exactly why the hammer was dropped on six banks. Deutsche bank, royal bank of scotland, Jpmorgan Citigroup jp morgan, citigroup, and rbs. These are rates that banks charge each other tomorrow. What is shocking about the scandals i...
Source: archive.org