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More on this topic
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Why you care about LIBOR
(The Curious Investor, 10/22/08)
The Worst Is to Come… Here’s 3 Ways to Protect Your Portfolio
(Contrarian Profits, 10/7/08)
Banks May Invoke “Market Disruption Clause” to Raise Rates
(naked capitalism, 9/29/08)
Fears of Mortgage Rate Re-Sets May Fuel LIBOR Manipulation
(Contrarian Profits, 10/24/08)
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With the US Govt drowning in ever deeper debt, why do you think T-bills are “ultra-safe”? Large, well-run banks have actual capital — even with the difficulty in valuing some of those assets these days.
What capital does the US Govt have other than the power to tax? Or to borrow and spend until it can’t possibly pay for the debt its incurred from its expected stream of income?
Why would you think such an unreliable organization is so reliable?
Guy
[...] Money Morning: A Look at LIBOR Shows Bigger Credit Problems on the Horizon [...]
I think the TED spread will settle into the 1.00 percentage point or lower zone before Christmas. If not, then it’ll be a very depressing holiday for a lot of people around the world who depend on credit to finance their holiday shopping.