V



Like any table, the only way you get the "intentionals" is by watching the players, and seeing them repeat.

The game will change when it runs out of marks, or as some say, "greater fools". Then eventually somebody will end up owning the table, and they'll put it away until the time is right to set it back up.

Quote:

LIBOR is a trust issue...the Banks need trust more than they need return

Great insights again Nothing.

IMO, news/rumors that libor is being underreported and having Lehman CEO Fuld come out and say "he lives to cause pain for the shorts" or whatever nonsense after saying he was going to the discount window are HUGE tells.

I'm on the outside, but I know wall street is all about moving product and via sales (lying, etc). To me wall street is just a fancy car dealership. If the marks don't trust you, they won't trust you enough to buy your product.

All of the markets blowing up at once and the monkeys on the street financing people to buy their own debt for 80 something cents on the dollar are another huge tell to me. Tells me they are desperate for bids on all kinds of assetts

It is like watching a rope stretched until it breaks......it stretches and stretches.....and you think it will be fine, then it just snaps.

I also realize the wall street CEO's are just out there talking about what they want for their agenda. Just like everyone else in life. The more they talk about how the market is coming back, IMO that means the less the bids are coming back into the market.

It is really amazing but nobody seems to understand how trust is the cornerstone except the GD generation, but they are almost all gone now.

Canada

In 2 years they will all be reinstating their numbers back 2 years and nobody will be surprised. In any other country the market would have shaved off 30-40% but not in the Country of the Free & Greed. This my friends is Zion to the rich & famous.

``The risk is that there are calls coming down from the highest level of the 16 different banks associated with the Libor process saying this better not be us and if it is, it better not be us tomorrow,'' said Lyngen. ``Some people have estimated that there is up to 30 basis points of inaccuracy in Libor rates. We might find out tomorrow what it really was.'' ---- I love this quote,,-- ""this better not be us and if it is, it better not be us tomorrow,""

More fraud and, since its organized, more racketeering.

Gee, and I thought "liar loans" were only what sleazy gelled-up former bartenders sold in their Mortgage Broking shackerage.

And now white shoe investment banks too?

At what point does the U.S. Treasury start LIE_BORing about auction results?

Nothing and Pat.

You have never indicated that LIBOR was anything other than what the chart indicated. This trust issue extends further than the banks.

Mike

Omm

The only choice is to play the hand you're dealt...and know everybody is bluffing.

"Sometimes I have to laugh my ass off at the naivete out there...come on guys, poker is about lying."

If Asia and the bond market call their bluff, life is going to truly suck. Just imagine a bond market crash, and Ben and Hank get so freaked that they force, through regulation or fiat, mark-to-market.

http://www.gulf-times.com/site/topics/ar....

Three banks central to Libor rate rigging

Until now, most of the attention has involved traders at Barclays, which last month reached a $453mn settlement with US and UK authorities for its role in the manipulation of rates. Now, it is becoming clear that traders from at least two other banks — UK-based Royal Bank of Scotland Group and Switzerland’s UBS— played a central role.