An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Wednesday, July 4, 2012
Libor manipulation
Al Jazeera: How Barclays manipulated the libor rates
Bank of England Allegedly Secretly Instructed Barclays To Manipulate Libor Interest Rates
Dick Bove are you listening, the 2,000 bank lobbyists are you listening? Dodd, Frank, Schummer, are you listening? Time to dump the cartel and put the money control back into the US treasury at zero interest rate cost to the american people.
Dick Bove are you listening, the 2,000 bank lobbyists are you listening? Dodd, Frank, Schummer, are you listening? Time to dump the cartel and put the money control back into the US treasury at zero interest rate cost to the american people.
ReplyDeleteFor those interested, here is a full list of banks under investigation:
ReplyDeletehttp://www.forbes.com/sites/eamonnfingleton/2012/07/03/whos-at-risk-listing-the-banks-that-have-been-named-in-the-libor-affair/
Warren Mosler has been advocating non-use of LIBOR for years...
ReplyDelete