- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: LIBOR Scandal
Posted on 6/6/14 at 8:03 pm to foshizzle
Posted on 6/6/14 at 8:03 pm to foshizzle
Because several of the companies who report their lending rates that are compiled to compute the libor are american companies. Just because it's the London Inter-Bank Offering Rate doesn't mean it's made by only English companies. Barklay's and Royal Bank of Scotland are English, but Bank of America and JP Morgan Chase are American. They are 2 of the 3 most egregious alleged offenders in the whole investigation.
1
Posted on 6/8/14 at 11:12 am to kingbob
quote:
Because several of the companies who report their lending rates that are compiled to compute the libor are american companies. Just because it's the London Inter-Bank Offering Rate doesn't mean it's made by only English companies. Barklay's and Royal Bank of Scotland are English, but Bank of America and JP Morgan Chase are American. They are 2 of the 3 most egregious alleged offenders in the whole investigation.
You still haven't explained what this has to do with Glass-Steagall. G-S did not cover non-US operations for RBS and Barclay's.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News