Another must read hmmmm report
On LIBOR, gold, crashes and much more in this week’s things that make you go hmmm. Courtesy Grant Williams.
“Bob Diamond…retorted in a memo to staff that “on the majority of days, no requests were made at all” to manipulate the rate. This was rather like an adulterer saying that he was faithful on most days.”
– The Economist
“Groucho: You know I think you’re the most beautiful woman in the world? Woman: Really?
Groucho: No, but I don’t mind lying if it gets me somewhere”
– Dialogue, A Night In Casablanca
Full report, Hmmm Jul 08 2012