Category: LIBOR

Month in Review: July, 2012

14 September, 2012 (09:49) | Bankruptcy, Economics, Global news, Homeownership, Housing, Innovations, LIBOR, Litigation, Month in review, Municipal bankruptcy, Public choice theory, Rental, Theory, US News |

By:David A. Smith   [Previous Month in Reviews available here: Jun 12, May 12, Apr 12,Mar 12, Feb 12, Jan 12.]   These days, it takes all the running you can do to stay ahead of the scandals   These days scandals seem caught in runaway inflation, as it really takes something to top the […]

Month in Review, May 2012: Part 2, Around the world

20 July, 2012 (09:21) | Bankruptcy, China, Global news, Greece, Homelessness, Housing, Innovations, LIBOR, Month in review, US News, Zoning |

[Previous Months in Review available here: Apr 12, Mar 12, Feb 12]   [Continued from yesterday’s Part 1.]   By:David A. Smith   As we saw yesterday in Part 1 of our May review, China is growing Too soon old and Too late rich, but of course, where there are old people with money, there […]

Month in Review, May 2012: Part 1, Here at home

19 July, 2012 (10:19) | Bankruptcy, China, Global news, Greece, Homelessness, Housing, Innovations, LIBOR, Month in review, US News, Zoning |

[Previous Months in Review available here: Apr 12, Mar 12, Feb 12]   By:David A. Smith   All gloom and no fun makes blog a dull read, so during May I offered a cheerful look at a disruptive pastime in Interoperability creates innovation:   Just slide the pieces around   Programs are designed in splendid […]

Lose LIBOR: Part 3, why it’s unfixable

11 July, 2012 (12:36) | Capital markets, Fraud, Global news, Indices, Interest Rates, LIBOR, Litigation, Regulation, Subprime |

By:David A. Smith   [Concluded from yesterday’s Part 2 and the preceding Part 1.]   Two days into a three-part post, we’ve seen from the Economist‘s reporting that LIBOR was antiquated and influential all out of proportion to the concept by which it has been established and the governance by which it was compiled, published, […]

Lose LIBOR: Part 2, what’s wrong with it

10 July, 2012 (10:48) | Capital markets, Fraud, Global news, Indices, Interest Rates, LIBOR, Litigation, Regulation, Subprime |

By:David A. Smith   [Continued from yesterday’s Part 1.]   In yesterday’s post, we explored how LIBOR is antiquated and anachronistic, representing as it does a financial technology rendered obsolete by securitization, the dematerialization of capital, and global internet-linked markets (among other things).  But, as the Economist documented, analyzing everything but the implications of its […]