Archives for: Libor Fixing
U.S. Congress: You’re Fired! 68% of the Country Is Right!
by Mitch Feierstein about 11 years 3 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 3 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 […]