Alasdair Macleod: LIBOR fixing implicates government as well
Submitted by cpowell on Sun, 2012-07-08 02:09. Section: Daily Dispatches
10:08a HKT Sunday, July 8, 2012
Dear Friend of GATA and Gold:
The LIBOR rate-rigging scandal, economist Alasdair Macleod writes at GoldMoney, is more evidence of the merger of banking and government, "a devil's pact, with state interests being traded for benefits for the banks. The state has been funded, and the banks have become rich. The idea that this can have been achieved without market manipulation by both parties working together is simply naive." Macleod's commentary is headlined "LIBOR Fixing Implicates Government as Well" and it's posted at GoldMoney here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Gold Anti-Trust Action Committee Inc.
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