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Xanadu 2012: The $ Straw |
Category: Articles 1 comment 31 Jul 2012 @ 01:49 by swanny @207.34.102.16 : yikesRE: LIBOR RATE, JAMES HOLMES AND CONSCIENCE 30 July 2012 7:48 pm mdt Monday Well it seems when you have a false or sloppy libor # or rate, the damage it can wreck down the line, multiplies exponentially and when its tied to $350 TRILLION dollars worth of assets, capital, mortgages, money etc. then if its off by maybe 0.0001 % it can scale into millions or billions of dollars virtually overnight. but yikes James, how is one to feel when one is the son of the father or author who invented its algorithm which if and when abused, did thus drive the whole global economy into consecutive contractions and into the ditch and swamp and off the cliff, to the countless misery, death, loss and global suffering of so many , if not all, not to mention vaporization of about $10 Trillion dollars. The problem thus would be that the algorithm perhaps was not fool or joker proof enough..... (sic) may the heavens have mercy on you and on all of us .... well then maybe its just an unhappy coincidence or truth being stranger than fiction or the abused libor rate being the straw that broke the global economies back. sources libor = http://en.wikipedia.org/wiki/Libor_scandal holmes = http://www.cbc.ca/news/world/story/2012/07/30/colorado-shooting-suspect-court.html homes 2 = http://www.redicecreations.com/article.php?id=20936 economy = http://www.munkschool.utoronto.ca/articles/view/6/ Other entries in Articles 23 Aug 2022 @ 09:55: Gravity battery ref 23 Aug 2022 @ 09:53: Gravity battery ???. 2 May 2022 @ 06:45: How to Get Quality Dofollow Backlinks 23 Nov 2021 @ 18:26: What is Linkbuilding 25 Jun 2021 @ 15:37: Longitude at sea? 24 Aug 2020 @ 12:42: Climate and ocean 24 Aug 2020 @ 12:37: Climate update Aug 2020 15 Mar 2020 @ 19:11: Hang in.. 29 Jul 2019 @ 16:12: Onward 28 Feb 2019 @ 14:41: Solar Neighborhood pic
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