Ah, were it not for bloggers, we'd be toast by now. I am eternally grateful that we have conjured up an invention called the internet to save us from the mind control monster we affectionately refer to as the mainstream media. Here is a piece worth your time, on the current financial debacle about manipulated markets...in this case, the Libor rate. The Libor rate is the borrowing rate charged by banks on loans to other banks. It seems that it, like so many other money-related instruments, can be manipulated, if one has sufficient knowledge, access, and motivation. This manipulation can, in turn, produce great profits for those in the know and those at the helm. In the meantime, the rest of us suffer under the weight of greed, confusing market action, and outright fraud, as we so good-naturedly forgive those managing our retirement funds (pensions, IRAs, 401k's, etc.)
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