Quote:
Originally Posted by bobabode
LIBOR had an effect also by news accounts. Just how much is to be determined.
Fixing of interest rates in a dishonest fashion would most definitely have an affect on the struggling munincipalities cash flow/bottom line.
So far Romney hasn't been blamed but he will or will it be Obama? 
(Joke alert for the humor impaired  ) |
It seems that when our Treasury Secretary was President of the New York Fed he question Barcley's about the way they were setting the LIBOR so I guess the ball is in Romney's court.