have you ever heard of ISDAfix? http://www2.isda.org/asset-classes/interest-rates-derivatives/isdafix/
Well, once again Matt Taibbi, from the Rolling Stone Magazine, in his wonderful ongoing investigative work, provides us with what could be the biggest scandal ever. However.. ISDAfix is known and understood by very few of us and … this may have been the reason why… it took so long and why this was the main temptation for the guys in charge.. to manipulate and rigged the market.
The Libor scandal… was basically judged to big… for the regulators to really punish correctly. Now.. we will see! once again they will be facing the TBTF syndrom, the cancer of your financial world which tells them to take it easy.. on the big boys or…. some heavy weight investors will pool their efforts and go for the kill?
her we go for the article
or this note from http://www.zerohedge.com might be a easier reading http://www.zerohedge.com/news/2013-04-26/illuminati-were-amateurs-matt-taibbi-explains-how-everything-rigged
or resuming to the minimum.. investigation show that the .ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps has been manipulated!
to whom profit the crime??