Barclays

[clester]

I noticed no one much talking about the Barclays/Libor issue. They apparently manipulated the rates.

Since they run our funds, doesn't anyone else wonder about what they may have manipulated our funds. Many over the years have questioned the so called "fair value" prices for I and F funds.

This seems like another case of wall street types cheating the public, or in this case other banks? Anyway, is it any wonder no one has faith in the system. It is rigged against the average person.

Instead of these things getting better after the financial crisis its getting worse. Maybe, regulators are finally looking more?

Anyway, it's very disappointing.

 

[clester]

I noticed no one much talking about the Barclays/Libor issue. They apparently manipulated the rates.

Since they run our funds, doesn't anyone else wonder about what they may have manipulated our funds. Many over the years have questioned the so called "fair value" prices for I and F funds.

This seems like another case of wall street types cheating the public, or in this case other banks? Anyway, is it any wonder no one has faith in the system. It is rigged against the average person.

Instead of these things getting better after the financial crisis its getting worse. Maybe, regulators are finally looking more?

Anyway, it's very disappointing.

Correction: Blackrock now manages our funds. However, they bought out the Barclays unit that did manage it. So, I think it must be the same folks doing it.

 

[nasa1974]

I noticed no one much talking about the Barclays/Libor issue. They apparently manipulated the rates.

Since they run our funds, doesn't anyone else wonder about what they may have manipulated our funds. Many over the years have questioned the so called "fair value" prices for I and F funds.

This seems like another case of wall street types cheating the public, or in this case other banks? Anyway, is it any wonder no one has faith in the system. It is rigged against the average person.

Instead of these things getting better after the financial crisis its getting worse. Maybe, regulators are finally looking more?

Anyway, it's very disappointing.

I can't prove it, well maybe I could if I really dug deep into it. But when the FRTIB changed us from a daily IFT to only 2 for the month, way back when, I believe it was because Barclays mis-managed the I fund that a whole bunch of us jumped in and out of within a matter of a couple of days. I remember reading somewhere that Barclays had a tough time covering the moves. So it doesn't surprise me that their managers are in trouble now.