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

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  •  I am fairly certain this can be filed under (1+ / 0-)
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    cotterperson

    the Temptations, crimes, and dangers of the using of "other people's money". Assuming there remains any room left in that file.

    Certainly we may expect pitchfork and mattress futures to honestly rally on this sort of news.

    But I have to ask, how is this manipulation, up or down, of the LIBOR, at political suggestion of the English governmental authorities, and, presummably, similarly, of the eurobor, any different from the US Federal Reserve Banking Club's raising, or lowering, of the (so called, and, and rightly so since they speak in its name) "Federal" Reserve rate?

    H'mm. I'm not terribly into this, anymore.

    by Knarfc on Thu Jul 05, 2012 at 09:48:50 AM PDT

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