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.

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