Well here’s a story that’s more than a decade in the making. Way back in 2003, we first wrote about…
The theatre of these financial wars is a long way from the raucous bear pit of baying stock traders. Instead, capital is unleashed in a cavernous space, lined with banks of computer servers and chilled by air conditioning. Rather than the shouts of traders, orders to buy and sell come in electronic pulses; processed instantly in near-silence.
A limit on the number of high-stakes gambling machines allowed in each betting shop should be lifted to prevent high streets from being overrun by gambling outlets, a parliamentary select committee has said. But campaigners have called the move a ‘one-way bet towards more addictive gambling machines’.
Members of the British Treasury Select Committee, US congressional investigators, state attorney generals and class actions lawyers who are investigating just who knew what and when in the sprawling investigations into the manipulation of LIBOR, would do well to emulate the forensic skills of former Manhattan District Judge Milton Pollack.