Forget “Forgo”; How About Some Real Libor Punishment?? “for-go” verb \for-ˈgÅ\: to give up the enjoyment or advantage of : do without –Merriam-Webster’s Dictionary At least as I understand and use the word “forgo,” you give up — forgo — a second scoop of ice cream on a slice of cherry pie à la mode. Or maybe...Read More
Q&A for Borrowers (“No, You Don’t Have to Return the Money”) For those tuning out the news over the July 4th holiday, one of the lead financial stories the past few days is alleged manipulation of Libor, or the “London Inter-bank Offer Rate,” by bankers at U.K. giant Barclays. While the allegations and defenses are...Read More
