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To: Toddsterpatriot
"$43 trillion? Math fail."

There's a quadrillion ways the banks manipulate the value of financial transactions and commodities. Here's a good article on the LIBOR scandal

Libor Woes Threaten to Turn Companies Off Syndicated Loans

Libor is calculated from a daily survey carried out for the British Bankers Association in London, in which the world’s biggest lenders are asked the rate they’re charged to borrow over a variety of short-term maturities in currencies including dollars, euros and yen. Banks are accused of massaging down submissions for the benchmark for $360 trillion of global securities during the financial crisis and artificially increasing them before it.

42 posted on 11/17/2012 11:03:52 AM PST by uncommonsense (Conservatives believe what they see; Liberals see what they believe.)
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To: uncommonsense
There's a quadrillion ways the banks manipulate the value of financial transactions and commodities.

It's even easier for an idiot lawyer to pull a number out of his ass. As in this case.

48 posted on 11/17/2012 11:37:43 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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