For those who don't know what LIBOR is, it stands for London Interbank Offer Rate. This is the rate of exchange that banks use to lend to each other. This is the foundation for all other financial instruments. If you were to go back to the 2008 banking crisis and replay those events, you will see the financial stations such as CNBC and Bloomberg talking about stabilizing the LIBOR which at that time was considered too high. Meanwhile the media had everyone watching Tom Cruise's divorce. The biggest bank scandal in history involving Barclays Bank went under the radar. Watch your 401K's people because here we go again.
Subscribe to:
Post Comments (Atom)
THE NEW PRIESTHOOD OF POWER Elite Networks, Billionaire Immortality, and the Modern Desire to Transcend Human Limits
THE NEW PRIESTHOOD OF POWER Elite Networks, Billionaire Immortality, and the Modern Desire to Transcend Human Limits Yes. For a book , thi...
-
The Book of Enoch , an ancient Jewish text attributed to Enoch, the great-grandfather of Noah, offers a detailed cosmology that includes a...
-
Belligerent Victim The Nation of Israel , with help from the United States Government, is once again showing its fangs, the horns...
No comments:
Post a Comment