Friday Open Thread | 46 comments (46 topical, editorial, 0 hidden)

Re: another weeeeeeeeee (none / 1)

I don't know if mortgages are indexed to LIBOR in the UK, but in Spain they are indexed to Euribor. People are right to be angry.

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa

by Migeru (migeru at eurotrib dot com) on Fri Jun 29th, 2012 at 04:13:42 PM EST
[ Parent ]

Re: another weeeeeeeeee (none / 0)

The bridge loan i had when I bought my house in Arkansas while not having yet sold my house in L.A. had a rate related to LIBOR - not that I had much understanding of what that meant at the time, only the definition.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Jun 29th, 2012 at 07:33:18 PM EST
[ Parent ]

Friday Open Thread | 46 comments (46 topical, 0 editorial, 0 hidden)

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