It's becoming increasingly clear Libor-manipulation was an open secret amongst central bank...

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Lint Comments (379)
 
A manipulated economy? shocking. Feds are outraged that THEY should be the only ones allowed to "stimulate" the numbers.
10 Jul 2012, 11:09 AM Reply Like

bbro Comments (7896)
 
Somebody in the financial media needs to ask a knowledgeble trader
what EDSF is and what it was used for to get a complete picture...
10 Jul 2012, 11:09 AM Reply Like

Whitehawk Comments (2963)
 
Once again, the Fed and all central banks manipulate rates. QED
10 Jul 2012, 05:31 PM Reply Like

DaLatin Comments (1524)
 
2007 ! That is Timmy territory ! He had just made the move after he scammed big time on TARP's 2 pages to save GS an banking buddies..

He saved his butt speaking Mandarin fluently and being able to make deals without translators an leaks ! Even Turbo tax avoidance couldn't stop mad man Tim !
10 Jul 2012, 06:06 PM Reply Like

DaLatin Comments (1524)
 
Left out he was head of NY Bank
10 Jul 2012, 08:00 PM Reply Like

Poor Texan Comments (3499)
 
And no one with the morality or cojones to blow the whistle. Sad what we've come to.
10 Jul 2012, 08:08 PM Reply Like

Ray Lopez Comments (1367)
 
LIBOR manipulation was an "open secret"? Why then did Hank Paulson use LIBOR going up in September 2008 as an excuse for the bailouts? Everybody knew except him? Doubtful. On my blog I show how the US Treasury under Paulson used the argument that "Libor has shot up in price from a quiet baseline" as an argument for the Fall 2008 bailouts. That's criminal IMO if Libor was being rigged as far back as 2005 or before. In fact, as shown on my blog (click on my name) a graphic shows credit default spreads did not peak until early 2009 not 2008, showing Libor was rigged and not indicative of the true state of interbank borrowing. We did not therefore need the bailouts, nor do we need QE/Twist and other Keynesian nonsense now.
11 Jul 2012, 01:35 AM Reply Like