On the recordNovember 1, 2021
So it seems that a problem with inadequate liquidity is that the rate that is determined might not accurately reflect actual borrowing and lending costs.
Source
congress.govSo it seems that a problem with inadequate liquidity is that the rate that is determined might not accurately reflect actual borrowing and lending costs.
Toomey discusses issues with LIBOR's liquidity affecting borrowing costs.
Share
More from Pat Toomey
Cryptocurrencies can protect against inflation when Governments irresponsibly manage their own currencies.
I think there is a case to be made that there should be a regulatory regime on disclosure requirements for an issuer.
There was unauthorized lending of customer assets to an affiliated entity, and there were apparently fraudulent promises to investors and customers about FTX's operations.
It is absolutely essential to investigate any fraud and violations of existing law, and prosecute those who are committing those crimes.