Libor ‘structurally flawed’, says Fed – FT.com

 

JACKSONVILLE, FL - NOVEMBER 5:  Federal Reserv...

JACKSONVILLE, FL – NOVEMBER 5: Federal Reserve System Chairman Ben Bernanke speaks to an economics class at the Davis College of Business at Jacksonville University in Jacksonville, Florida November 5, 2010. (Image credit: Getty Images via @daylife)

The FT picks up on a pretty damning report on Libor from the Fed. It’s well worth a read.

Libor ‘structurally flawed’, says Fed – FT.com.

As predicted in the Economist, the Libor scandal has gone global.

What next perhaps depends upon who wins the US election.

What do you think?

 

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2 responses

  1. Pingback: America faces up to its stark choices – FT.com « Dr Alf's Blog

  2. Pingback: Eurozone collapse conflict – short view – markets – FT.com « Dr Alf's Blog

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