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    "The Financial Services Authority awaits its £160m share of the fines imposed on UBS for Libor manipulation, to add to the £151m already levied on errant financial institutions in 2012. According to the FSA, such fines are used to reduce fees for members in the following financial year, which means that the financial business community effectively shares the loot out (the larger institutions receiving the largest rebate). As their wrongdoing has usually robbed the public, shouldn't the fines be used to benefit the public, by providing start-up funds for small businesses, maybe?
    Chris Hardman
    Manchester "
    http://www.guardian.co.uk/theguardian/2012/dec/20/last-post-apocalypse-fsa-libor

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