Monday, June 16, 2014

Save The (London) Whales?

It is the singular brand of greed found only in capitalists that leads to their perfidious machinations, right?  Wrong.
Add Greenpeace International to the ranks of losers in the $5.3 trillion-a-day global foreign exchange market. 
The Amsterdam-based nonprofit organization said it lost 3.8 million euros ($5.2 million) last year after an employee bet that the euro wouldn’t strengthen against other currencies, Greenpeace said on its website. Greenpeace, which runs environmental campaigns in more than 40 countries, didn’t name the employee, who worked in its international finance unit and has been relieved of his position.
 Care to donate to Greenpeace now that you know they are fiddling in the global currency markets?


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