Comments on: 54 Million Ways To Out The Lie In The LIBOR http://www.anorak.co.uk/195223/money/54-million-ways-to-out-the-lie-in-the-libor.html Tabloid news for broadsheet readers Fri, 27 Nov 2009 11:35:38 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Chenier http://www.anorak.co.uk/195223/money/54-million-ways-to-out-the-lie-in-the-libor.html/comment-page-1#comment-399345 Chenier Wed, 19 Nov 2008 21:57:33 +0000 http://www.anorak.co.uk/?p=195223#comment-399345 My apologies; I should have updated the Libor contracts figure. Bloomberg today estimates it at $360 trillion... My apologies; I should have updated the Libor contracts figure.

Bloomberg today estimates it at $360 trillion…

]]> By: Chenier http://www.anorak.co.uk/195223/money/54-million-ways-to-out-the-lie-in-the-libor.html/comment-page-1#comment-399341 Chenier Wed, 19 Nov 2008 21:50:40 +0000 http://www.anorak.co.uk/?p=195223#comment-399341 I am always sympathetic to someone putting the boot into bankers, but the reality is that commercial loans are usually priced at Libor plus; that is the whole point of central banks pouring vast amounts of money into the system in order to bring rates down. 'Libor anchors contracts amounting to some $300 trillion, the equivalent of $45,000 for every human being on the planet.' I am always sympathetic to someone putting the boot into bankers, but the reality is that commercial loans are usually priced at Libor plus; that is the whole point of central banks pouring vast amounts of money into the system in order to bring rates down.

‘Libor anchors contracts amounting to some $300 trillion, the equivalent of $45,000 for every human being on the planet.’

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