Reposted from The Daily Bell
Barclay's LIBOR Corruption a Phony Ploy to Strengthen the Bloomberg/Qatar QIBOR?
Thursday, June 28, 2012 – by Staff Report
Barclays Libor fix trail leads to senior managers ... Senior Barclays managers were worried over negative headlines during the financial crisis and contributed to a culture that fixed key funding rates artificially low, U.S. and UK regulators said in reaching a settlement with the bank. The findings based on internal emails and other communications raise questions about how high up the Barclays management chain came instructions to submit lower rates, and who knew about the rate rigging. – Reuters
There’s a reason why we do not always give you straight answers when you ask us a direct question like “What should I do?” It’s because the straight answers—the ones you expect—are already boxed in by your limited physical viewpoint. That is, they come with the expectation that the answer is available in a simply physical cause-and-effect kind of solution, that gives you the most productive and efficient tasks to undertake to get you where you are wanting to go. But it’s not necessarily the most productive or efficient tasks from a physical standpoint that are the most productive and efficient.
