View Single Post
Old 10-02-2012, 03:56 PM
stompk's Avatar
stompk stompk is offline
I work for God
Join Date: Jan 2008
Location: In the valley
Posts: 609
Default Re: LIBOR - An Explanation About The $800 Trillion Scam

A pair of GOP senators is pressing Treasury Secretary Timothy Geithner on his "complacency" over continued concerns about a key interest rate found to be manipulated by big banks.

Sens. Chuck Grassley (Iowa) and Mark Kirk (Ill.) accused Geithner of not informing the American public of problems with the London Interbank Offered Rate (Libor) and failing to find a replacement benchmark rate after it became clear the rate was being manipulated by the banks tapped to help set it.

Warning to asshole posting spam. I will send you a curse.
Perform random acts of kindness on strangers who are in need.
Reply With Quote