1 vote

Journalistic malpractice: central banks (Fed and BoE) manipulate the LIBOR

It's almost like we're living in soviet russia, where the New York Times has willingly become Pravda, and the BBC has willingly become ITAR TASS

http://confoundedinterest.wordpress.com/2012/07/06/libor-fix...

Final comment: The allegation is that bank employees fixed the LIBOR rate for their own benefit. As opposed to The Fed and Bank of England manipulating it through monetary policy.

So the Federal Reserve is just as dirty as all these private banks, but the role of the media is to protect government at all levels and only throw fecal matter at private banks

Nobody should be defending the Fed. The fed is the root of evil, not some journalistic sacred cow!