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Michael Snyder: We always knew that the financial markets were rigged, but this is getting ridiculous. It is now being alleged that 20 major banks have been systematically fixing global interest rates for years. Barclays has already been fined Read more…
While the financial sector (NYSEARCA:XLF) sunk over 13% in May, options pricing suggested there was something resembling enthusiasm for bank stocks. But for Ryan Detrick, senior technical strategist at Read more…
Michael Snyder: Warren Buffett once said that derivatives are “financial weapons of mass destruction”, and that statement is more true today than it ever has been before. Read more…
Michael Snyder: The bank runs that we are watching right now in Greece (NYSEARCA:GREK) are shocking, but they are only just the beginning. Since May 6th, nearly one billion dollars has been withdrawn from Greek banks. Read more…
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