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  • The 3 Rings Of The Libor Circus (And A Sideshow) [View article]
    I am very naive about the financial system, but have wondered what mechanism(s) are used to pump money through the shadow banking / derivative system. It appears to me that Lie-Bore, coupled with extreme derivative leverage is a con-artist method that is; hidden-in-plain-sight, elegant and fraudulent.
    Aug 1 03:28 AM | Likes Like |Link to Comment
  • The 3 Rings Of The Libor Circus (And A Sideshow) [View article]
    Thank for the article, especially the comment about the post circus feast.
    Aug 1 02:59 AM | Likes Like |Link to Comment
  • The first group (9) of large banks have submitted their so-called living wills to the Fed and they've been made available to the public. Required by Dodd-Frank, the documents are supposed to lay out how the giants could be wound down in bankruptcy in event of material financial distress or company failure.  [View news story]
    We need accountability that insure these plans will work. How about a death penalty in the event of the bank's failure and the plan doesn't work. Include all senior staff and the board.
    Jul 5 12:37 AM | 1 Like Like |Link to Comment
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