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Comment: Re: He's good. (Score 1) 173

by BlueTrin (#49362309) Attached to: Prison Inmate Emails His Own Release Instructions To the Prison

Read and educate yourself, you are the one without facts here.

About why Barclays was pushing the submissions lower:

At the onset of the financial crisis in September 2007 with the collapse of Northern Rock, liquidity concerns drew public scrutiny towards Libor. Barclays manipulated Libor submissions to give a healthier picture of the bank's credit quality and its ability to raise funds. A lower submission would deflect concerns it had problems borrowing cash from the markets.

Source

About what index is used for variable mortgages (*hint* it is not LIBOR):

What is a Standard Variable Rate?

A Standard Variable Rate is (rather obviously) a type of variable rate – this means your payments can go up or down according to movements in interest rates. Unlike a tracker, a Standard Variable Rate (or SVR) does not track above the Bank of England Base Rate at a set percentage.

What is the Bank of England Rate

Changes are recommended by the Monetary Policy Committee and enacted by the Governor.

Link

The comment I replied to is just a random mix of poorly used facts to bash against banking without understanding and jumping from imprecise facts to incorrect conclusions.

Comment: Re: He's good. (Score 1) 173

by BlueTrin (#49362285) Attached to: Prison Inmate Emails His Own Release Instructions To the Prison
Ah I see what you mean, it is still wrong but in a different way ... You have to pay for insurance premium, if frauds increases the premium is higher. On pure expectations the premiums of insurance are higher than if you were bearing the cost, the insurance offsets risks by pooling risk together and charging a small premium.

Comment: Re: He's good. (Score 1) 173

by BlueTrin (#49361797) Attached to: Prison Inmate Emails His Own Release Instructions To the Prison
LIBOR is set by the LIBOR panel. The central bank is actually deciding of the central bank rate and this is not directly influenced by LIBOR. Banks will set the spread to charge you. What you said above in point 1) is quite wrong. As someone else pointed out, during the crisis the banks were manipulating LIBOR down not up. I think you should get a bit more information before to talk about stuff you do not understand.

Comment: Re: Good Luck (Score 1) 319

by BlueTrin (#49361471) Attached to: Amazon Requires Non-Compete Agreements.. For Warehouse Workers

You seem to think that the big guy always win: in the U.S. it may be more true. But you forgot a big factor here: nobody will go in court to enforce such an agreement pointlessly: if you go to the court over a warehouse worker, and the jury goes against you because they find the agreement abusive, then you set a precedent which will weaken your position the next time you need to enfore such an agreement.

Therfore contrarily to what you said the small guy with a lesser job has actually not much to be scared of in reality.

Comment: Re: Normal women... (Score 1) 764

by BlueTrin (#49315711) Attached to: A Software Project Full of "Male Anatomy" Jokes Causes Controversy
The difference is that their jokes are not attacking any minority group or ethnicity. Making penis jokes is infantile but it is a stretch to say that it is sexist. This is the difference. What's next ? I'll get offer ended at the colour RED so I will ask them to change their logo.

Comment: Is GitHub so concerned that they will ask him to r (Score 5, Insightful) 764

by BlueTrin (#49314571) Attached to: A Software Project Full of "Male Anatomy" Jokes Causes Controversy

I feel like that it is borderline in this case, it is not a commercial product but an open source project, you may not agree but shouldn't they be able to run their own project how they want ?

Does this infringe some kind of law in the US ?

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