From f3e641ff9c41dbfae9a9d4aa956ef20275ae5e21 Mon Sep 17 00:00:00 2001 From: nic Date: Thu, 5 Dec 2024 11:45:53 -0500 Subject: Auto from nzxt - Thu 05 Dec 2024 11:45:53 AM EST --- Finance/Research/index.md | 8 ++++++++ 1 file changed, 8 insertions(+) (limited to 'Finance/Research/index.md') 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 + + -- cgit v1.2.3