The ambulance chasers have excelled themselves, appealing to generalized class hatred in their latest whine complaint about the Forex market. They are seeking damages related to the London fix, and say:
In the complaint, the investors accused the banks of controlling foreign-exchange rates via a “small and close-knit group of traders.” They alleged it became possible for banks to rig the market because the traders “have strong ties formed by working with one another in prior trading positions” and by in many cases living “in the same neighborhoods in the Essex countryside just northeast of London’s financial district.”
“They belong to the same social clubs, golf together, dine together and sit on many of the same charity boards,” the complaint adds.
And eating lobsters while quaffing champers together, no doubt. LOL
Link.
Background (I posted this yesterday)
