Archives for: Barclays
by Mitch Feierstein about 11 years 1 month ago
Another day, another banking scandal. Barclays’ LIBOR cheats exploited an arcane and out-dated rate-setting mechanism to fix rates in their favour – which means to your detriment. But just ripping off ordinary people and ordinary investors doesn’t win many points in the Bankster’s Cheat Olympics. If you really want to shoot for those medal places, […]
by Mitch Feierstein about 11 years 2 months ago
Hogging the headlines: In recent years, financial news has dominated the front pages – most recently the scandal at Barclays You know, there would have been a time when a financial contributor for the Daily Mail was restricted to the little stuff. Share tips, muttering about monetary policy, that sort of thing. Not any more. […]
U.S. Congress: You’re Fired! 68% of the Country Is Right!
by Mitch Feierstein about 11 years 2 months ago
How low can a political system sink? Pretty low it would seem. A recent Rasmussen poll suggests that around two-thirds of us would happily fire every single member of Congress, a spectacular lack of confidence in our lawmakers. These are unprecedented levels of disdain and the sad thing is that they’re largely justified. The conventional analysis of […]
LIBOR “Fixing” – Why is Too Big to Fail, Too big for Jail and Too big to Regulate?
by Mitch Feierstein about 11 years 2 months ago
Barclays bankers fiddle the LIBOR markets – a multi-trillion market – on a heroic scale. Other banks and bankers are being investigated too. Barclays will not be alone in its wrong-doing, and other banks may even have exceeded Barclays’ brazen contempt for truth and right-dealing. So what happens? So far, we’ve seen all the standard […]