Money & Markets – Week of 7.22.12

Horse-Whipping Rates to Zero

Libor Manipulation Well Known in London by 1991
Naked Capitalism 27 July 2012
A comment in today’s Financial Times is by a former Morgan Stanley trader, Douglas Keenan, confirms a passing comment.

House Approves ‘Audit The Fed’ Bill, Marking Capstone On Rep. Paul’s Career
25 July 2012
Rep. Ron Paul, R-Texas, doesn’t get his way very often in Congress. But the House overwhelmingly adopted his longstanding proposal. . . .

Meredith Whitney: No ‘Draconian’ Breakups for Banks
Yahoo! Finance 26 July 2012
US banks are already starting to separate commercial and investment banking operations, so there’s no need for the radical breakup. . . .

Unlimited Vacation Time: The Ultimate Work Benefit?
Yahoo! Finance 24 July 2012
In April Donny Salazar, vice president of customer experience at Gilt Groupe in New York, took three weeks off. . . .

How To Fight On Online Smear Campaign
Inc. 3 July 2012
When a competitor posted shocking and personal accusations against Veritas Prep, Chad Troutwine’s company. . . .

Mega-Bank Creator Sandy Weill Reverses Course, Says Break ‘Em Up
Yahoo! Finance 24 July 2012
This morning Sandy Weill casually forsook all that which he once held dear by calling for the break up of big banks. . . .

When Cash-In-Hand Is Not Acceptable
The Independent 24 July 2012
Government strategists might have preferred it if Treasury minister David Gauke had given a more deft answer. . . .

Zuckerberg’s Loan Gives New Meaning to the 1%
Yahoo Finance July 16, 2012
Billionaire Mark Zuckerberg is giving new meaning to the term “the one percent.”

3 Ingredients For A Successful Business
CNBC 23 July 2012
When my husband Jonas and I started Auntie Anne’s in 1988, we never expected or anticipated building an international pretzel franchise. . . .

Ann Romney: We’ve Given ‘All You People Need To Know’ About Family Finances
Huffington Post 19 July 2012
Mitt Romney’s wife is reinforcing her husband’s refusal to make public several years of tax returns. . . .

Romney, Shell Companies & Offshore Accounts: A Primer
Real Clear Politics 16 July 2012
It’s no secret that Mitt Romney is wealthy. But recent reports about where he has invested his fortune have sparked a debate. . . .

How The Mormons Make Money
Bloomberg 18 July 2012
Late last March the Mormon Church completed an ambitious project: a megamall. Built for roughly $2 billion. . . .