Libor: Three Scandals in One

Libor: Three Scandals in One

There are 4 comments on the www.foreignaffairs.com story from Jul 27, 2012, titled Libor: Three Scandals in One. In it, www.foreignaffairs.com reports that:

There is a Way to Reduce Rate Fixing

The Libor scandal has sparked calls for stronger regulation of the world's most powerful banks.

Join the discussion below, or Read more at www.foreignaffairs.com.

Since: Nov 08

Location hidden

#1 Jul 27, 2012
Judicial Watch filed separate complaints with the Federal Election Commission (FEC) and the U.S. Senate Ethics Committee, against Barack Obama for allegedly accepting a below market rate mortgage loan in 2005 not available to the general consumer.

“your life is great”

Since: Aug 09

you poop in clean water

#2 Jul 27, 2012
So the Libor scandal is actually three scandals in one. The first is the way banks reported artificially low Libor rates to regulators. The second is the manipulation of Libor for trading profits. And the third is the use of Libor to determine home-mortgage interest rates when a better metric, U.S. Treasuries, was readily available.
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a lot of people made a lot of money because of these manipulations.
I wonder who will be investigated, and who wont.
Wall Street Government

Sebastian, FL

#3 Jul 28, 2012
Another fine example of trickle down ,free market, self regulating, Reaganomic failure.
test

London, UK

#4 Jul 28, 2012
test

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