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luigi13579 08/12/17 4:51:51 PM #1: |
https://www.rollingstone.com/politics/news/taibbi-is-libor-crucial-financial-benchmark-a-lie-w497305
https://www.bloomberg.com/news/articles/2017-07-27/libor-s-uncertain-succession-gives-debt-markets-a-headache http://www.businessinsider.com/libor-often-completely-made-up-2013-2?IR=T Holy shit. I think we've reached peak capitalism now. Not only was the LIBOR rate being manipulated, as we've known for a number of years now, but it was bullshit to begin with. I doubt we'll see much more coverage of this in the media. It has flown under the radar thanks to the North Korea situation and the Charlottesville rally. @Darkman124 ... Copied to Clipboard!
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chill02 08/12/17 4:53:11 PM #2: |
explain it to me like I'm the average Youtube video commenter
--- Ave, true to Caesar. ... Copied to Clipboard!
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Manocheese 08/12/17 4:54:19 PM #3: |
Damn LIBORals.
--- ()_() Hardcore - We'll probably be modded for this... (o.o) http://manocheese.googlepages.com/manocheesery ... Copied to Clipboard!
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DreadedWave 08/12/17 4:58:13 PM #4: |
chill02 posted...
explain it to me like I'm the average Youtube video commenter *insults your sexuality and or race* --- ... Copied to Clipboard!
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luigi13579 08/12/17 5:02:03 PM #5: |
chill02 posted...
explain it to me like I'm the average Youtube video commenter It was used to determine the rates for loan repayments and governed $350 trillion worth of transactions. According to the first article, 60% of mortgages in the US were based on it. ... Copied to Clipboard!
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Butterfiles 08/12/17 5:04:01 PM #6: |
luigi13579 posted...
chill02 posted...explain it to me like I'm the average Youtube video commenter which means your mom is probably fucked twice as hard now! --- http://www.last.fm/user/PigBun 56k warning ... Copied to Clipboard!
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chill02 08/12/17 5:06:24 PM #7: |
:|
--- Ave, true to Caesar. ... Copied to Clipboard!
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King Rial 08/12/17 5:09:38 PM #8: |
After the LIBOR Scandal, this is out of the frying pan and into a supernova.
--- I use Google... A lot.... >______> ... Copied to Clipboard!
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cobain27 08/12/17 5:21:21 PM #9: |
Holy shit. How the fuck are they even going to replace LIBOR with a number based in reality? Also, I laughed at Tiabbi's Earth v. Banks line.
--- There are 4815162342 types of people in this world. Those that love Lost and those who hate the ones that do. ... Copied to Clipboard!
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Darkman124 08/12/17 5:31:15 PM #10: |
this is astonishing
i honestly dont know what to say, and i always know what to say i have been annoyed with the bond market for a long time and saw it as a terrible investment but i had no idea of the scope --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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