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LIBOR, the Fed and the TED

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Linked by The Big Picture ( track newsfeed | ignore newsfeed ) - July 10, 11:30AM from (www.ritholtz.com)

LIBOR, the Fed and the TED David R. Kotok July 9, 2012 “Insanity: doing the same thing over and over again and expecting different results.” Albert Einstein Somehow, the insanity of the present unsupervised system involving the Federal Reserve’s primary dealers continues. The Fed had “surveillance” in place during the Drexel Burnham failure and the [...]

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