Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Wednesday, July 11, 2012

Banks rig Libor, Lie (subprime ratings), and Steal (foreclosure fraud), etc. But they still need bailouts.

It isn't clear that the LIBOR rigging had any major impact on typical households directly, but it probably had a big impact on many municipalities.

Something to ponder: The ability to rig a rate like that is basically a license to print free money for yourself. And still they need bailouts.

No comments:

Post a Comment