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HiPointDem

(20,729 posts)

12. rigging interest rates doesn't have meaning to the common man? au contraire, when that interest

Sat Jul 14, 2012, 05:11 AM

Jul 2012

rate affects all others.

The LIBOR is widely used as a reference rate for many financial instruments, such as:

forward rate agreements
short-term-interest-rate futures contracts
interest rate swaps
inflation swaps
floating rate notes
syndicated loans
variable rate mortgages
currencies, especially the US dollar

They, thus, provide the basis for some of the world's most liquid and active interest-rate markets.

The Chicago Mercantile Exchange's Eurodollar contracts are based on three-month US dollar Libor rates. They are the world's most heavily traded short term interest rate futures contracts and extend up to ten years.

http://en.wikipedia.org/wiki/Libor

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Prediction: This election will to be BainGate vs. LiborGate..... [View all] Junkdrawer Jul 2012 OP

This is what Obama gets for appointing the architects of the meltdown as heads of US finance. snot Jul 2012 #1

This IS how third parties get started... Junkdrawer Jul 2012 #2

Historical note: Britain was mostly a has-been after World War I. Better to say, Germany coalition_unwilling Jul 2012 #10

"seems to have done nothing" grantcart Jul 2012 #3

Between you, me and the wall.... Junkdrawer Jul 2012 #4

doubt it highly. Voters, unless they're rabid rethugs, aren't going to care... progressivebydesign Jul 2012 #5

Anti-Corporate crowd? Wait, what? Zalatix Jul 2012 #7

rigging interest rates doesn't have meaning to the common man? au contraire, when that interest HiPointDem Jul 2012 #12

thanks for your concern scheming daemons Jul 2012 #6

Post removed Post removed Jul 2012 #8

Geithner was aware that crimes were being committed.. girl gone mad Jul 2012 #9

Fast and Furious, worse than Libor BT021 Jul 2012 #11