Putting an End to Faith-Based Banking |
| July 08, 2012 | July 2012 Bond Updates |
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Joe Nocera's outstanding column about the Libor scandal and Barclays tells us four key things. First, we cannot rely on "trustworthy" bankers to protect and run the financial system. Second, the regulators weren't in a position to independently assess whether Libor was being rigged. Third, "$350 trillion worth of derivatives and $10 trillion worth |
| View more at: http://www.forbes.com/sites/kotlikoff/2012/07/07/putting-an-end-to-faith-based-banking/ |
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