Tag Archives: LIBOR

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

July 18, 2012 By in Austerity, Central banks, Euro Crisis, Neoliberal, Politics, Uncategorized, US Election Tags: , , , , , , , , , , 2 Comments

 

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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The LIBOR scandal: The rotten heart of finance | The Economist

July 5, 2012 By in Austerity, Central Government, Euro Crisis Tags: , , , , , , , 2 Comments
enjoy subprime lending

enjoy subprime lending (Photo credit: @MSG)

This is an excellent article from the print edition of the Economist. Check it out!

The LIBOR scandal: The rotten heart of finance | The Economist.

It looks like the LIBOR scandal has just shown us the tip of the iceburg, so far. In many ways, the global implications here may well prove to be as significant as the sub-prime crisis.