Saturday, 30 June 2012

Barclays and 20 more banks, including HSBC, facing criminal inquiry over interest rate fix scandal | Mail Online

Concepts of free financial markets in economics textbooks are totally false and the emails prove it. Time to educate a new generation of economists on how markets actually work rather than prod on with outmoded ideas of liberalisation that just do not fit modern realities of market manipulation, commercial espionage and criminality.

http://www.dailymail.co.uk/news/article-2166242/Barclays-20-banks-including-HSBC-facing-criminal-inquiry-rate-fix-scandal.html
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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!