{"id":1156,"date":"2012-06-25T10:15:03","date_gmt":"2012-06-25T10:15:03","guid":{"rendered":"http:\/\/sol-biotech.com\/wordpress\/?p=1156"},"modified":"2012-06-25T10:15:03","modified_gmt":"2012-06-25T10:15:03","slug":"more-minows-and-whales","status":"publish","type":"post","link":"https:\/\/sol-biotech.com\/wordpress\/index.php\/2012\/06\/25\/more-minows-and-whales\/","title":{"rendered":"More minows and whales"},"content":{"rendered":"<p>Notes on Wall Street&#8217;s Bid-Rigging Scandal<br \/>\n<a href=\"http:\/\/www.rollingstone.com\/politics\/blogs\/taibblog\/notes-on-wall-streets-bid-rigging-scandal-20120622\">http:\/\/www.rollingstone.com\/politics\/blogs\/taibblog\/notes-on-wall-streets-bid-rigging-scandal-20120622<\/a><\/p>\n<p>This is Matt&#8217;s follow up to his article I briefly discuss <a href=\"http:\/\/sol-biotech.com\/wordpress\/2012\/06\/22\/a-few-minnows-gobbled-up-yet-the-whales-go-free\/\">here<\/a>.  It is much shorter, for those of you who couldn&#8217;t make it through the original, but has additional references for those of you who want to do research.<\/p>\n<p>One big thing that didn&#8217;t make it into the article was that the towns and cities are screwed coming as well as going:<\/p>\n<blockquote><p>\n&#8220;Municipals virtually never, never default,&#8221; says Rebecca Kaplan, a city councilwoman in Oakland, one of the cities listed as a victim in the Carollo trial (the defendants rigged an auction for a Port of Oakland bond deal). &#8220;And yet munis receive ratings that, if you were comparing them to corporate ratings, you would think you were talking about a significant risk of default.&#8221;\n<\/p><\/blockquote>\n<p>He also mentions that there appear to be several investigations into wide-spread rigging of the <a href=\"http:\/\/en.wikipedia.org\/wiki\/Libor\">LIBOR<\/a>, which should be even more terrifying because that really is a global conspiracy, if true (personally, I don&#8217;t doubt the likelihood).  That hits _everyone_ because so many other interest rates are set on the LIBOR.  But of course, Americans can&#8217;t be bothered with learning anything complex and besides, the big financial organizations say they aren&#8217;t doing anything wrong anyway so fuhgeddaboudit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Notes on Wall Street&#8217;s Bid-Rigging Scandal http:\/\/www.rollingstone.com\/politics\/blogs\/taibblog\/notes-on-wall-streets-bid-rigging-scandal-20120622 This is Matt&#8217;s follow up to his article I briefly discuss here. It is much shorter, for those of you who couldn&#8217;t make it through the original, but has additional references for those of you who want to do research. One big thing that didn&#8217;t make it into &hellip; <a href=\"https:\/\/sol-biotech.com\/wordpress\/index.php\/2012\/06\/25\/more-minows-and-whales\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;More minows and whales&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,19,16,12,3,10],"tags":[],"class_list":["post-1156","post","type-post","status-publish","format-standard","hentry","category-business","category-economics","category-government","category-law","category-politics","category-society"],"_links":{"self":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=1156"}],"version-history":[{"count":1,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1156\/revisions"}],"predecessor-version":[{"id":1157,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1156\/revisions\/1157"}],"wp:attachment":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=1156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=1156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=1156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}