Financial News

 Play in new window | Download (Duration: 1:59:52 — 62.5MB) | EmbedSubscribe: iTunes | Android | RSSHere are the Links from this broadcast At the Situationally […]

Behind The Woodshed Blog – April 28, 2013

Supposedly warnings about the latent inflationary threat posed by simply ridiculous non-financial debt levels (as presented most recently here yesterday), not to mention financial debt (which as MF Global's rehypothecated implosion demonstrated so vividly can be any number between minus and plus infinity, thank you London "regulators") from the blogosphere can be ignored ($15 trillion melting ice cube that is shadow banking which also doubles as the best inflationary buffer known to man, notwithstanding).

UBS Issues Hyperinflation Warning For US And UK, Calls It ...

When the Fed released its "trove" of materials confirming that the Fed indeed knew that the Barclays was manipulating its Libor submissions (amusingly explained by Ben Bernanke before Senate today that "the employee had no idea what Libor is in that case"), few were surprised, but more were confused why the congressional inquiry focused solely on the Fed's interactions with British Barclays, instead of focusing on the three domestic banks that were part of the BBA's USD Libor fixing committee. And only three US banks.

Citi, Bank Of America, And JPMorgan Enter Lieborgate: Congress Expands ...