It is not a coincidence that banks have manipulated the LIBOR for preventing exposure of their positions of derivatives of interest rates in certain markets. It is the consequence of the so-called "liberalization of capital markets" which might be better defined as a "decriminalization" of some practices formerly regulated.
The current market portends a promising future for growth of Phoenix. We have survived one of the worst real estate recessions of all times, and now we are moving into time of expansion for housing. In a state that sees sunlight 85 percent of the year, the future of Metro Phoenix's housing market is just as bright!
The Frontline documentary begins the process of explaining what we have been saying for years -- neither the Bush nor the Obama administration has been willing to conduct a real investigation of the elite banksters whose frauds made them wealthy and drove the financial crisis and the Great Recession.