Tags: libor
Bloomberg: LIBOR Executives Had to Know
December 22nd, 2012
in Op Ed, syndication
I have maintained literally from the outset that the manipulation and rigging of Libor and other benchmark interest rates could not have occurred without the knowledge and blessing of senior executives within the banks. We read today that senior exe… more »
Pretense of Knowledge: Logic Contradicted by Empirical Facts
October 1st, 2012
in Op Ed
The pretense of knowledge, aggregate demand and the LIBORby Dirk Ehnts The Pretense of Knowledge is a phrase coined by Friedrich Hayek (pictured). He titled his Prize lecture like this, and spoke about the limits of economics and economists: It s… more »
Endemic Financial - Political Disease
September 16th, 2012
in Op Ed
by Shah Gilani, Wall Street Insights & Indictments and Money Morning It’s a fact. Financial services are a huge part of the economy. Twenty years ago, financial services accounted for somewhere between 5% and 7% of U.S. gross domestic product,… more »
Beyond Animal Spirits
July 23rd, 2012
in Op Ed
by Edward Harrison, Credit Writedowns Warning: This commentary is very DISTURBING – not for the faint of heart. Two days ago, a friend of mine told me via email about a comment on a blog post about whether MBA schools were incubating criminals that w… more »
Why Aren't LIBOR Manipulating Banksters in Prison?
July 3rd, 2012
in Op Ed
Heaven can wait.There's a passage in the Bible that says, "The Kingdom of the Father is spread out upon the earth and men do not see it."Bankers see it.The whole earth is heaven for the big banks. They rule over it like petty, greedy gods.And that's not… more »
