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Watchdog faults Treasury, Fed for Libor use, wants alternatives

News Link • Bailouts

Watchdog faults Treasury, Fed for Libor use, wants alternatives

10-26-2012 • Reuters

The U.S. Treasury Department and Federal Reserve need to stop using the benchmark interest rate known as Libor in financial rescue programs, as it might not be reliable and could put taxpayer dollars at risk, a federal watchdog said on Thursday.

Read Full Story

Reported by Powell Gammill

•

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News Link • Bailouts
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Bank of America returns to the scene of the crime
01-26-2013 • http://chrisinmaryville.net/

Tags: treasury, department, federal, reserve, benchmark, interest, financial, rescue, programs, reliable, taxpayer, dollars, federal, watchdog, thursday

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