Showing posts with label LIBOR. Show all posts
Showing posts with label LIBOR. Show all posts
Sunday, July 29, 2012
Ruinous Wall Street
"Plus, there's the fact that the entire industry continues to get preferential treatment from the government -- be it the $700 billion bailout in 2008 or the ongoing right to borrow massive amounts of essentially free money from the Federal Reserve, then turn around and loan it, risk free, to Uncle Sam at 1.5% or more per year, thus pocketing billions in easy money," reports Anthony Mirhaydari.
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