wrapping your brain arround the LIBOR scandal

[evince]

http://www.nakedcapitalism.com/2012/07/satyajit-das-the-libor-fix-part-1.html


Im still reading this but it was good enough I though others might like it

 

[Banned]

Too complicated for most here.
Many just like "It's Obama's fault" much better. Requires virtually no thought.

 

[evince]

I think this article would help many get a grasp on it

 

[Banned]

Most of those involved very much in politics do not really want to understand.
It is rough on their faith.

 

[evince]

Its a case were good regulations could have gone along way

 

[dixon76710]

Too complicated for most here.
Many just like "It's Obama's fault" much better. Requires virtually no thought.

"Obama"? Do you even know what LIBOR is?

 

[evince]

do you?

 

[dixon76710]

do you?

Yes I do and no one blames Obama

 

[Banned]

Yes I do and no one blames Obama

I think that is an incorrect blanket statement.
There are those out there who think that Obama is the Antichrist.

 

[evince]

Give the right time.

this scandal hasnt really got any traction yet

 

[Cancel 2016.2]

I think this article would help many get a grasp on it

I would agree. It is a bit basic, but it certainly conveys what happened in laymans terms. If they do not put the hammer down on every single mother f'er involved (meaning take all their possessions and put the f'ers in jail for a very long time) then we need to go all anarchistic on Wall St's ass (and by Wall St. I mean to include all the f'ers around the world playing this f'ing game)... and I am 100% serious when I say go anarchistic on them.

This has to stop. The protections given to them by DC (and their foreign counterparts) should not be tolerated.

 

[evince]

Good for you SP.

like I said when Obama came into office.

we need to go all Teddy on their asses

 

[Cancel 2016.2]

Good for you SP.

like I said when Obama came into office.

we need to go all Teddy on their asses

We need to break the big banks back up. Investment banks and retail banks kept separate.

 

[evince]

back to Glass Steagal.

it worked pretty well for a long time

 

[Cancel 2016.2]

back to Glass Steagal.

it worked pretty well for a long time

agreed

 

[dixon76710]

We need to break the big banks back up. Investment banks and retail banks kept separate.

Rest of the world doesnt spit up their banks like we did.

 

[dixon76710]

I think that is an incorrect blanket statement.
There are those out there who think that Obama is the Antichrist.

I think the other poster doesnt have a clue that L stands for London. All the talk of glass steagal I suspect several posters dont either.

 

[Cancel 2016.2]

Rest of the world doesnt spit up their banks like we did.

They don't spit them up??? Try English, it may help to convey your message.

 

[Cancel 2016.2]

I think the other poster doesnt have a clue that L stands for London. All the talk of glass steagal I suspect several posters dont either.

LOL... you should try to read the thread more carefully. I stated we needed to break our big banks up. That is why Desh mentioned Glass Steagall. We were not discussing LIBOR on those posts. But I suspect you were trying to appear intelligent by showing us all you knew the L in LIBOR stood for London. Well done. You get a bronze star. Did you also know what the IBOR stand for? Please amaze us with your intelligence.

 

[dixon76710]

We need to break the big banks back up. Investment banks and retail banks kept separate.

Rest of the world doesnt spit up their banks like we did.

They don't spit them up??? Try English, it may help to convey your message.

SPLIT, separate.