Whoa, apparently Germany has financial regulators who take their jobs seriously. Their top regulator says price rigging in precious metals is worse than the appalling LIBOR corruption. No word yet when he will be found dead, with his death ruled a suicide, after being shot ten times in the back with incontrovertible proof linking him to child porn, drug cartels, Satanism, and most damningly, refusing to ignore the corruption at the heart of our financial system.
It may be time to shift yet another conspiracy “theory” into the “fact” bin, thanks to Elke Koenig, the president of Germany’s top financial regulator, Bafin, which apparently is not as corrupt, complicit and clueless as its US equivalent, and who said that in addition to currency rates, manipulation of precious metals “is worse than the Libor-rigging scandal.”