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The headline highlights exactly what is going on all the time with the super rich and powerful
elite greedy pigs and the nasty party who bend over backwards to protect and support them
while millions struggle............Ossie announces he has launched a legal challenge against
the EU`s plan to cap bankers bonuses ????
'Let's discuss kickbacks over lunch': Tory donor's firm fined £55m over Libor fixing
Traders' emails reveal shocking conspiracy at Icap, the financial company owned by former
Conservative treasurer and prominent party donor Michael Spencer - now bankers face 30 years in jail
One of the Conservatives' most powerful and generous donors is at the centre of a political and financial
storm after City watchdogs savaged his firm for its role in the Libor interest-rate fixing scandal.
Icap, the company founded by the former Tory treasurer Michael Spencer, has been fined a total of
£55m by regulators on both sides of the Atlantic - £14m in Britain and £41m in the US - while three
former employees responsible for the misconduct have been charged in New York with conspiracy to
commit fraud and wire fraud. The New Zealand national Darrell Read and Britons Daniel Wilkinson and
Colin Goodman face up to 30 years in prison if convicted.
The news is particularly uncomfortable for the Conservatives as it emerged on the same day that
George Osborne announced he had launched a legal challenge against the European Union's planned
cap on bankers' bonuses.
The Labour leader Ed Miliband sought to draw a distinction this week between his party as a champion
of ordinary people, and the Tories as the friends of the rich and powerful.
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