Forum Post: Finally, A Solution to LIBOR Scandal... Wait, What?
Posted 10 years ago on July 9, 2013, 10:29 a.m. EST by TikiJ
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Yes, that's right. Just move it around to someone else. What a plan.
Yeah, it'll all be done totally legit now.
"Expanding into the new role of Libor administrator seems very reflective of NYSE Euronext’s growth-oriented philosophy."
Emphasis mine. We can already guess how this is going to go. And since the daily rate was just a number a bunch of bankers pulled out of their ass, how is this supposed to be any better? Just like any business that gets caught with its pants down, a name and/or location change apparently wipes the slate clean.
Check out this lady from Ireland. Definitely not afraid to speak her mind on things:
http://www.youtube.com/watch?v=CnJCvKA-oEU
Damn!
Oh man, I love that girl! I almost choked on my dinner I was laughing so hard. She hit the nail on the head about Obama being a hypocrite and war criminal and made that other guy look like an evasive stuttering fool. Great clip, man.