Econ Comments & Analysis
Bloomberg | Taking the L-I-E Out of Libor
The recent revelations by Barclays Plc (BARC) probably spell doom for the London interbank offered rate, at least in its present form.
WSJ | Geithner's 'Best Rate Available'
Timothy Geithner sure does lead a charmed life. As a powerful regulator throughout the financial crisis and its aftermath, he gets to blame every mistake or scandal on the evil bankers while claiming he was hot on their case all along.
Blogs
John Taylor | Benefits of More Fed “Action” Do Not Exceed Costs
The Fed has engaged in extraordinarily loose monetary policy, including two round s of so-called quantitative easing. These large scale purchases of mortgages and Treasury debt were aimed at lifting the value of those securities, thereby bringing down interest rates. I believe quantitative easing has been ineffective at best, and potentially harmful.
