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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: NOW who wrote (74284)	12/20/2012 11:25:53 AM
From: onepath	of 78416

Brutal....i do not know if i should add or just go for a ski..........my fire power is dwindling so better to ski.Good news cannot over take the power of the gold smash.I mean look at this news....such a great place our banks and their stellar ethics........ FP says Competition Bureau probing HSBC, others 2012-12-20 09:49 ET - In the News The Financial Post reports in its Thursday, Dec. 20, edition that the Libor scandal widened Wednesday as UBS AG admitted that dozens of its employees worked together to manipulate the global benchmark and agreed to pay a $1.5-billion fine. The Post's John Greenwood writes that is three times the Libor penalty paid by Barclays PLC earlier this year. Mr. Greenwood says the process has really just got going. Regulators in the United States, Canada and Europe are looking at more than a dozen banks involved in the setting of the London Interbank Offered Rate, or Libor, one of the most important benchmarks in global finance. Royal Bank of Scotland is next up for public flogging. Internal messages exchanged by senior RBS traders created the impression that the rate rigging was carried out with the approval of senior managers, with one former bank employee even boasting that the Libor submitters had formed a "cartel." The Competition Bureau in Ottawa recently waded in, launching an investigation into the activities of the Canadian subsidiaries of several foreign banks, including HSBC Holdings PLC, Royal Bank of Scotland, Deutsche Bank AG, JPMorgan Chase & Co. and Citigroup. stockwatch.com

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