Memo to Bernanke: Enough With The rate Cuts, Already! By Mike Whitney Created Apr 23 2008 - 12:49pm Last week's stock market blowout added more than 4 per cent to the Dow Jones Industrials, but it had no affect on Libor rates. Libor rose steadily from Tuesday through Friday signaling more troubles in the banking system. Libor, which means London Interbank-Offered Rate, is the rate that
10:10PM ET Thursday, April 17, 2008 To hide desperation for cash, banks may be falsifying interest rate reports Bankers Cast Doubt on Key Interest Rate Amid Crisis By Carrick Mollenkamp The Wall Street Journal Wednesday, April 16, 2008 LONDON -- One of the most important barometers of the world's financial health could be sending false signals. In a development that has implications
Ah, the wonders of a worldwide meltdown. ********************************************************** LIBOR FOG Bankers Cast Doubt On Key Rate Amid Crisis By CARRICK MOLLENKAMP April 16, 2008; Page A1 LONDON -- One of the most important barometers of the world's financial health could be sending false signals. In a development that has implications for borrowers everywhere, from
"D.F. Manno" <dfmanno@mail.com> wrote: In article <5qoc1rFurdoeU1@mid.individual.net>, Greg Goss <gossg@gossg.org> wrote: Two or four percent over the published rate? Do Americans calculate prime differently than Canadians? Canadian floating-rate mortgages are typically UNDER prime. Mine is prime minus 0.65%% My HE LOC is prime even. And my completely unsecured LOC is
Of course, at this stage it isn't just a case of changing the deck chairs on the Titanic, but also the deck chairs on the Lusitania and the rest of them, and sending the 'bill' to the guys who make the deck chairs ... The Point of No Return By Mike Whitney 19/09/08 -- - Following another eratic day of trading on the stock market, Treasury Secretary Henry Paulson and Federal Reserve
