LIBOR Theft Explained
Infographic by AccountingDegree.net
Brilliant piece by Matt Taibbi of Rolling Stone – I have said it before and I will say it again – Taibbi is the best finance journalist going around today. All the rest seemed to be boring hacks who try and conjure up some postdictive bullshit as to why something happened as opposed to looking…
DetailsMore from Matt Taibbi the best finance journalist around at present It’s by now been well-established that the S.E.C.’s performance in policing Wall Street before, after, and during the crash has been comically inept. It would be putting it generously to say that the top cop on the financial services beat has demonstrated particular incompetence…
DetailsBrilliant little graphic from the FT – click image for interactive chart.
I wonder how many local investors have been caught the same way. I do know folks who decided it was a good thing to buy US property at $US0.65 despite advice to contrary because the spruiker who pushed the idea said currency fluctuations didn’t matter.
I had long been curious as to where Australia sat in terms of its pricing of petrol but was too lazy to put together a list. Fortunately Bloomberg has saved me the trouble. Most expensive gas ranking: Price per gallon of premium gasoline: Norway $9.69 Denmark $9.37 Italy $9.35 Netherland $9.35 Greece $9.23 Sweden $8.97…
DetailsAlso worth a listen… This week on Here’s the Thing, Alec talks about the financial crisis with Joseph Stiglitz, a Nobel Prize-winning economist. Stiglitz shows no restraint when unleashing criticism of presidential policies — on both sides. Of President Barack Obama’s financial-industry rescue plan, Stiglitz said that whomever designed it was “either in the pocket of…
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