muses of the moment

July 18, 2012

Ben is as unimaginable as banks in thinking up excuses for failures

Filed under: The Federal Reserve, The Financial Crisis — totallygroovygirlfriday @ 1:34 am

Click here for Santelli’s, as always, direct comment on Ben’s take on the LIBOR situation. The next questions is: when the global credit freeze happens again (and it will), how can we know if LIBOR is manipulated or ever in a no-bid situation again?

You can not rely on the most basic of financial information anymore. This is scary.


Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Create a free website or blog at

%d bloggers like this: