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View Diary: Libor --- OUTRAGE .... Please!!!! (210 comments)

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  •  Great graphic P-dog! n/t (3+ / 0-)
    Recommended by:
    Pluto, caul, skyounkin

    I'm a "No Rate" pariah. So when I give a comment "+110% n/t", please consider that a recommend. (That's my workaround fix to participating in this community!)

    by The Angry Architect on Wed Jul 04, 2012 at 07:57:43 PM PDT

    [ Parent ]

    •  A lot of that is going to hedge. (7+ / 0-)

      But if any of the counterparties falter (ie. Greece) it can quickly become a house of cards, with the US holding the bag.

      I don't think folks have any idea why US economic news is constantly redirected to the situation in the EU. When, before 2011, did you EVER hear anything about the "European economy" causing a problem for the US? People think it has something to do with trade declines impacting the US economy.

      If only we were that lucky.

      The US is the only industrialized nation where gun ownership is a right, health care is a privilege, where poverty and infant mortality are rising, and where the constitution appeases slave-holders instead of benefiting citizens.

      by Pluto on Wed Jul 04, 2012 at 09:47:17 PM PDT

      [ Parent ]

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