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HomeBarclays Libor “Price Fixing” : Collusion Is Illegal . . .
Posted by Larry Doyle on June 28th, 2012 10:53 AM |
News that Barclays Bank has been hit with a $453 million fine for its involvement in manipulating the London Interbank Overnight Rate, commonly referred to as Libor, has crushed the stock of the UK-based bank. Barclays stock is down close to 15% in early trading.
This story is interesting on so many fronts, including:
1. The alleged activity went on for years. The FSA’s investigation goes back to the middle of the last decade. How do we know when the collusion really started? (more…)
ARS ‘Penalty Does Not Fit the Crime’ or Why I Am Becoming a Libertarian
Posted by Larry Doyle on February 9th, 2011 7:38 AM |
Why is it that so many people in our nation do not trust our government, our media, and our banking system?
In my opinion, America continues to look and search for people and programs that truly represent their interests. In the course of a conversation yesterday with a former colleague, he spoke cogently as to why he is moving toward being a libertarian and why he believes so many others are as well. I found myself agreeing with him on so many fronts. (more…)
