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| -rw-r--r-- | Finance/Research/index.md | 8 |
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diff --git a/Finance/Research/index.md b/Finance/Research/index.md index 4048794..abbd1c7 100644 --- a/Finance/Research/index.md +++ b/Finance/Research/index.md @@ -64,3 +64,11 @@ What not to do in EM - Have pair trade accross Developed market and EM - Believe you have political insight - Be surprised if the unexpected happens and nobody cares + +# Manipulation of LIBOR during GFC + +- real manipulation done by central bankers & way worse than traders who where jailed +- in 07-08 all banks were consistenlty lying about the true cost of borrowing dollars by lowballing their funding rate which lead to a massively depressed LIBOR +- Peter Johnson - The low ball tapes + + |