"The idea that prices in a $379 trillion market could be dependent on a desk of about 20 guys in New Jersey should tell you a lot about the absurdity of our financial infrastructure. The whole thing, in fact, has a darkly comic element to it. "It's almost hilarious in the irony," says David Frenk, director of research for Better Markets, a financial-reform advocacy group, "that they called it ISDAfix."
with several Reformed theology and apologetic-focused posts... :-|
Monday, April 29, 2013
Everything Is Rigged: The Biggest Price-Fixing Scandal Ever from the Rolling Stones
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