MFI-Miami

LIBOR

Former Deutsche Bank Executive

Deutsche Bank Fined $2.5B For Libor Rigging

Deutsche Bank Fined $2.5B For Scheming With Other Banks Deutsche Bank on Thursday became the latest big bank to settle accusations that it contributed to rigging Libor interest rates.  The London Interbank Offered Rate, the interest rate of choice for trillions of dollars in municipal bonds, mortgages, student loans and other debt. To settle the […]

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Chicago

Is Chicago Going To Be The Next Detroit?

Wall Street Banks screwed major American cities like Chicago A few weeks ago, Ed Walker at Naked Capitalism wrote a piece about a white paper Saqib Bhatti of the Roosevelt Institute wrote last year detailing how Wall Street Banks screwed major American cities out of much needed cash. Bhatti claimed that cities are getting squeezed because

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