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Diffstat (limited to 'Finance')
| -rw-r--r-- | Finance/index.md | 7 |
1 files changed, 7 insertions, 0 deletions
diff --git a/Finance/index.md b/Finance/index.md index 26f527b..f7082d6 100644 --- a/Finance/index.md +++ b/Finance/index.md @@ -31,3 +31,10 @@ odds = succesful outcome : unsucessful outcomes Utilities trade at 25-30% beta to the 2yr if the 2 year goes up in terms of yield and falls in value then the Utilities sector as a whole loses value and vice versa + + +# 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 |