From 6181d2c53c415f23f2691fde05db0ea5cbb6683b Mon Sep 17 00:00:00 2001 From: nic Date: Tue, 22 Oct 2024 20:24:13 -0400 Subject: Auto from nzxt - Tue 22 Oct 2024 08:24:13 PM EDT --- Finance/index.md | 7 +++++++ 1 file changed, 7 insertions(+) (limited to 'Finance') 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 -- cgit v1.2.3