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HomeFinancial “Family” Collusion Will Likely Increase
Posted by Larry Doyle on March 30th, 2010 9:18 AM |
What will be the next explosion in financial chicanery if not outright fraud? Collusion, that is price fixing. Why? A number of reasons, including:
1. The financial industry has become an oligopoly, (some may say cartel) thus setting the table for increased collusion to propagate.
2. Lower volumes across exchanges, which pressure revenues and incentivize market participants to collude to generate greater profits. (more…)
Tags: Barclays, cartel, cheating on Wall Street, collusion, David Strang of Barlow Lyde & Gilbert LLP in London, financial collusion, future crimes on Wall Street, future frauds on Wall Street, future of Wall Street, lessened competition on Wall Street, move to financial simplicity, Office of fair Trading, oligopoly, price fixing, Royal Bank of Scotland, Wall Street's future, Wall Street's next great crime, Wall Street's next great fraud, what do lower volumes mean on Wall Street, why will collusion increase
Posted in General, oligopoly, Wall Street | 2 Comments »
