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
Banker Arrogance, Exhibit #137 Pop quiz: who said the following, in what context? “We all benefited from the financial system. All of us.” A. President Obama, justifying using trillions in taxpayer money to fortify the nation’s too-big-to-fail banks.B. An anonymous retiree, rationalizing the .25% (as in 4 x .25% = 1%!) annual interest — before...Read More
