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Barclays traders rigged American electricity prices to boost their own profits and bragged about it in damning e-mails

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Sat, 03 Nov 12 5:56 AM | 118 view(s)
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By: From the Trenches
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COVER-UP/DECEPTIONS/PROPAGANDA

Barclays traders toyed with electricity prices at several major power trading hubs in the western U.S. to boost their own profits.

The men were caught, and Barclays slapped with a $470million fine, after they bragged about the price rigging in a series of damning, foul-mouthed e-mails.

Four traders are accused of conspiring to sell electricity at a loss to drive prices down between November 2006 and 2008.

http://fromthetrenchesworldreport.com/barclays-traders-rigged-american-electricity-prices-to-boost-their-own-profits-and-bragged-about-it-in-damning-e-mails/24926/




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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