A Secretive Banking Elite Rules Trading in Derivatives

[Ashendant]

What? This is news? Come on, its normal business practice. Looking after their own interests.

It would be more of a headline if is was: "Big business players NOT colluding to protect their own interests". That would be a worldwide shock!

Well it' s still very illegal

Not according to any court at this time. Just in your view.

No like someone mentioned before

In the study of economics and market competition, collusion takes place within an industry when rival companies cooperate for their mutual benefit. Collusion most often takes place within the market structure of oligopoly, where the decision of a few firms to collude can significantly impact the market as a whole. Cartels are a special case of explicit collusion. Collusion which is not overt, on the other hand, is known as tacit collusion.

In fact the Eu forced a fine to a cartel of taiwan flat screen producers for forming a price cartel

This isn't the EU or Taiwan.

like someone said it's illegal in USA too, also if it sells products to the EU, the EU can sue the shit out of it(i think i'm not absolute sure)