Big banks under scrutiny in "spoofing" investigation

Big banks under scrutiny in "spoofing" investigation

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U.S. authorities today are set to arrest several people implicated in connection with a federal investigation into something called “spoofing,” and manipulation of the U.S. futures markets by three European banks. Brad Birkenfeld, a whistleblower who exposed billions of dollars of financial fraud committed by banking giant UBS who writes at lucifersbanker.com, joins the show.

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