Fran Boait
Finance
Posted inFinance / ToMl
The Dollar LIBOR Replacement Rate Has Arrived
The LIBOR (London Interbank Offered Rate) was essentially designed to be conveniently rigged for the profit of those rigging it. And so it was widely … The Dollar LIBOR Replacement Rate Has ArrivedRead more
Posted inFinance / News
Cash machines are disappearing at a rapid pace
New data released last week reveals that the disappearance of cash machines is continuing at a rapid pace. A total of 1,400 closed in the … Cash machines are disappearing at a rapid paceRead more
Posted inEconomics / Finance / ToMl
A Government is not a household
The single greatest masterstroke of the Cameron-Osborne era was to undercut future progressive policy by mainstreaming the idea that the government needs to manage its … A Government is not a householdRead more
Posted inEconomics / Finance / ToMl
Modern Monetary Theory and Positive Money, Part 2: Money and Debt (2)
Why does Positive Money refer to the money created under some of its proposals as ‘debt-free’? According to the principles of MMT, cash is a … Modern Monetary Theory and Positive Money, Part 2: Money and Debt (2)Read more
Posted inCorruption / Finance / ToMl
London remains a safe haven for the world’s dirty cash
Britain’s denial that it launders money is like Russia’s denial that it poisons spies. No one believes a word of it. If I walked into … London remains a safe haven for the world’s dirty cashRead more
Posted inFinance / ToMl
How $14 Billion Private Equity Firm Abraaj Went Bust
It takes a lot of doing for a private equity firm to become insolvent, particularly if it has a good track record and is in … How $14 Billion Private Equity Firm Abraaj Went BustRead more
Posted inFinance / ToMl
With The rise of cashless Britain the poor suffer
Last year, at the start of the summer, the last bank in Dorset seaside resort of Lyme Regis closed. The only way for its 3,600 … With The rise of cashless Britain the poor sufferRead more