Showing posts with label LIBOR Scandal. Show all posts
Showing posts with label LIBOR Scandal. Show all posts
Saturday, March 15, 2014

FDIC Sues 16 Big Banks Saying LIBOR Rigging Hurt 38 US Banks Which Eventually Failed

›
CNBC reports here : The FDIC said the defendants' conduct caused substantial losses to 38 banks that the U.S. regulator had taken into r...
Friday, February 28, 2014

Scholar Who Sniffed Out The Libor Scandal Now Smells Manipulation In $20 Trillion Gold Market

›
Bloomberg reports here : Unusual trading patterns around 3 p.m. in London, when the so-called afternoon fix is set on a private conference c...
Tuesday, July 31, 2012

The Fascist Grip Of Banking: Rate Rigging In LIBOR, Now Also In Municipal Bonds

›
There is no corner of contemporary economic life which is not in thrall to state-sponsored banking, and so no corner of it which is not rigg...
Monday, July 23, 2012

Municipalities, Others, May Have Lost Tens Of Billions Of Dollars On LIBOR-Tied Bonds

›
So says this story from The Fiscal Times: As the world has learned in recent months, the banks behind Libor have been reporting incorrect l...
Sunday, July 22, 2012

Possible LIBOR Penalties Hardly Match The Enormity Of The Crimes

›
CNBC reports, here : Activity in the Libor investigation, which has been going on for three years, has quickened since Barclays agreed last ...

Neil Barofsky, TARP "Watchdog", Blasts Financial Fascism In New Book

›
And Gretchen Morgenson of The New York Times provides a favorable review, here : He is Neil Barofsky. Remember him — the man whose job it wa...
Friday, July 20, 2012

Libertarian John Tamny Excuses LIBOR Low-Balling Because It Didn't Hurt Anybody

›
John Tamny's logic fails on two counts. Throwing out low-balled LIBOR rates along with the high rates, to achieve the average reported, ...
Thursday, July 19, 2012

Dick Bove Sounds Just Like George Bush: We Tampered With LIBOR To Save The Banks

›
The hypocrisy just never ends. It gets so common no one has the energy left from all the outrage to pick up a torch and a pitchfork anymore....
Monday, July 16, 2012

Bob Diamond Has A New Gig: LIBORACE

›
See it, here .
Sunday, July 15, 2012

Geithner's NY Fed Knew Of Barclays Bank LIBOR Lies In April 2008 And Did Nothing

›
The little twit who got away with failing to report income on his tax returns and became our Treasury Secretary should hang for failing to r...

America's LIBOR Banks' Silence Is Deafening

›
John Carney for NetNet, here : I asked Bank of America, Citi, and JP Morgan Chase to provide answer[s] to four sets of questions about their...
Friday, July 13, 2012

The Financial Markets Are Completely Corrupt Monday Through Friday. On Weekends They Just Have The Staggers.

›
Simon Johnson on the completely corrupted financial markets, for The New York Times, here : Robert E. Diamond Jr., who resigned last week as...
Tuesday, July 10, 2012

New York Fed's Geithner Knew All About Libor Irregularities In 2008

›
So says a story, here : According to the calendar of then New York Fed President, Timothy Geithner, who is now U.S. Treasury Secretary, it e...

Libor Scandal Is A Ridiculous Witch Hunt By Hypocritical Governments

›
So says Guy Spier for CNBC here : [T]his seems like a ridiculous witch hunt to me, and there is an atmosphere of “shoot first, ask questions...
Monday, July 9, 2012

Libor Shmibor: If Anyone's Been Manipulating Interest Rates, It's The West

›
Not just one fine formulation about our banking problems from Nicole Gelinas, reminiscent of Ambrose Evans-Pritchard's picturesque ...
Tuesday, August 23, 2011

Yield on up to 1 Year LIBOR Exceeds 2 Year Treasuries

›
Mish tells the insane tale here : Overnight, 3-month, 6-month, and 1-year LIBOR rates exceed yield on 2-year treasuries.