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HomeThe Eerie Silence Surrounding Wall Street Price Fixing
Posted by Larry Doyle on March 6th, 2012 8:48 AM |
Shhhhhhhh………
What is that eerie silence emanating from Wall Street lately? No, it’s not the quiet on the floors of the equity exchanges in the midst of anemic trading volumes. It is also not the empty echoes emanating from trading desks once bursting with activity.
The eerie silence to which I allude goes to the price fixing at the very core of how our Wall Street banks fund themselves in the overnight market. Sounds ominous, no? Let’s navigate and enter the world of Libor based funding. What is Libor? ……………….. (more…)
Bill Cohan: Wall Street’s “Sins of Omission Were Criminal in Nature”
Posted by Larry Doyle on June 28th, 2011 9:52 AM |
We hear plenty from Tim Geithner, Mary Schapiro, and Jamie Dimon. We really need to hear more from Sheila Bair (highlighted this morning at Sense on Cents), Gary Aguirre, and Bill Cohan.
While regular readers of Sense on Cents may be familiar with Bair and Aguirre, Cohan has received less attention here. I will look to change that. (more…)
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