muses of the moment

April 26, 2013

Taibbi says what we all are thinking….

Filed under: Economic Crisis, Odds 'n ends — totallygroovygirlfriday @ 11:10 am

Everything is rigged.

Matt Taibbi, of Rolling Stone, the only main stream press outlet doing any real reporting on the major financial scandals of the last 6 years. Once again he shares the latest scandal….fixing interest rate swaps. As big or bigger than LIBOR.

Click here.

So, groovygirl’s question is the same with the LIBOR question. Are they still doing this? And when they were, how did they effect the market? Less or more volatility, just timing? Higher or lower prices? If they should stop, how would the market act?

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