Friday, January 18, 2013

UBS is to LIBOR what Enron was for Electricity Consumption Trading

Good movie.  Saw it with a girlfriend and one of the Bing'ettes during a previous life when I was still a Daddy.  When Enron went bust, UBS acquired some of the bits and pieces .... and, apparently, some if not all of the ethics.

“UBS manipulated one of the cornerstone interest rates in our global financial system,”

UBS Japan LIBOR manipulation.

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