mahnmut: (The Swallows have won!)
mahnmut ([personal profile] mahnmut) wrote2012-07-20 11:19 pm
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The Libor fallout



PART 1 .Banks submit false data to manipulate the Libor interest rate, either for the good of the entire economy and all of mankind, or possibly to just benefit themselves.



PART 2. Banking titans Rich Ricci and Bob Diamond are implicated in the Libor financial scandal, but an eighth-generation Hoare remains innocent of the rampant rate rigging.
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[identity profile] the-rukh.livejournal.com 2012-07-20 09:30 pm (UTC)(link)
You say that private entities might do things that benefit themselves and harm the rest of society? WHY DO YOU HATE AMERICA

[identity profile] mahnmut.livejournal.com 2012-07-20 10:02 pm (UTC)(link)
BECAUSE I CAN! FREEDOOOOOM!
Edited 2012-07-20 22:02 (UTC)

[identity profile] anfalicious.livejournal.com 2012-07-21 08:55 am (UTC)(link)
If they weren't so hampered by government regulation this wouldn't have happened. It's regulation that causes people to do immoral things.

Also; Ricci, Rich. Teehee.

[identity profile] mahnmut.livejournal.com 2012-07-21 08:55 am (UTC)(link)
And Mr Diamond!

And Sir Hoare!

[identity profile] luzribeiro.livejournal.com 2012-07-21 09:46 am (UTC)(link)
No, nothing to see here whatsoever, move along...

[identity profile] luvdovz.livejournal.com 2012-07-21 10:18 am (UTC)(link)
Oh! Stewart is back.

[identity profile] abomvubuso.livejournal.com 2012-07-22 08:32 pm (UTC)(link)
Libor sounds... ominous!
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