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Syrian envoy to Cyprus defects
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Page 6: Politix
9 18:47 swksvolFF [] 
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Page 4: Opinion
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Home Front: Politix
Geithner back in the hot seat over Libor scandal
Posted by: ryuge || 07/26/2012 06:27 || Comments || Link || [0 views] Top|| File under:

#1  Appears Geithner has a bit of a problem with taxes, finance, and money in general. Perhaps he should seek another line of work.
Posted by: Besoeker || 07/26/2012 8:54 Comments || Top||

#2  "Spengler" has a rather contrary opinion on this subject, it's worth a read:
...rigging LIBOR transferred income away from the banks to their debtors. There is a case for a civil suit by shareholders for income lost to the banks' largesse, but hardly a criminal case...Central banks and finance ministries did the right thing: they lied, not just about the LIBOR rate but about the solvency of the banking system...Underreporting the cost of funds (in order to pre-empt possible panic about the condition of the banks) was the least interesting lie the regulators sanctioned. The biggest lie involved the solvency of the banks themselves...The real whopper was the pretense that tens of millions of homeowners could and would pay their mortgages. Banks delayed foreclosure and kept families in their homes for months and years past the usual cutoff date for seizure. That was also the right thing to do.
Posted by: Anguper Hupomosing9418 || 07/26/2012 11:57 Comments || Top||

#3  > Banks delayed foreclosure and kept families in their homes for months and years past the usual cutoff date for seizure. That was also the right thing to do.

Totally the wrong thing to do. One persons subsidised overpriced house is another's bargain house, which he can then use the spare cash to employ people.

House inflation > wage inflation acts like a form of taxation (mainly collected by banks).
Posted by: Bright Pebbles || 07/26/2012 12:57 Comments || Top||

#4  You know, its really hard to say who I would trust LESS in a financial deal. Would it be the Somali pirates, or these bankers??? I can't say for certain. I may have to throw a few dead bones on the ground and ask a witchdoctor.
Posted by: Raider || 07/26/2012 13:12 Comments || Top||

#5  Which doctor?
Posted by: Steve White || 07/26/2012 13:19 Comments || Top||

#6  Some wag said that the Democrats want all of Romney's tax returns so they can determine what one looks like since so many of them don't file and don't pay taxes.
Posted by: JohnQC || 07/26/2012 14:58 Comments || Top||

#7  Central banks and finance ministries did the right thing: they lied,

Spengler should have stopped right there. The right thing?
Posted by: manversgwtw || 07/26/2012 16:43 Comments || Top||

#8  LOL Steve
Posted by: ryuge || 07/26/2012 17:36 Comments || Top||

#9  Good stuff JohnQC
Posted by: swksvolFF || 07/26/2012 18:47 Comments || Top||



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Two weeks of WOT
Thu 2012-07-26
  Syrian envoy to Cyprus defects
Wed 2012-07-25
  Syrian forces attack mosque, kill 30
Tue 2012-07-24
  Syrian Army Retakes Most of Damascus
Mon 2012-07-23
  23 wounded in Iraq car bombing
Sun 2012-07-22
  Pencilneck may use chemical weapons against rebels
Sat 2012-07-21
  Islamic Jihad Leadership Abandons Syria For Iran
Fri 2012-07-20
  Syria Rebels Take 'All Iraq Border Points'
Thu 2012-07-19
  Pencilneck runs away to Latakia
Wed 2012-07-18
  Two Buses With 40 Israeli Tourists Blown Up At Bulgarian Airport
Tue 2012-07-17
  Blast kills MP in Mogadishu, Militants claim responsibility
Mon 2012-07-16
  US Ship Fires on Boat off Dubai, 1 Dead
Sun 2012-07-15
  At Least 83 Killed across Syria
Sat 2012-07-14
  NDS Chief Among Bombing Victims at Afghan Wedding
Fri 2012-07-13
  Defected Syrian Ambassador Calls on Countrymen to Join Him
Thu 2012-07-12
  Sudan university students hold major protest: Witness

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