Archives for: Bob Diamond
Numbers never lie, bankers often do. So maybe it’s time to stimulate the economy by building bigger jails?
by Mitch Feierstein about 10 years 7 months 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, […]
LIBOR “Fixing” – Why is Too Big to Fail, Too big for Jail and Too big to Regulate?
by Mitch Feierstein about 10 years 8 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 […]