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To: RetiredNow who wrote (77073)	8/17/2012 10:45:34 AM
From: Sr K	Read Replies (1) \| Respond to of 77397

Re: the looting of the 99% Not everyone can be looted at the same time. If the money market funds paid too low, the mortgage borrowers got extra-favorable rate resets. It was the policy to encourage lower and lower mortgage rates to get through the crisis. Would you have preferred that mortgage resets were higher and there were more defaults? It's highly likely that this favored the 99% and harmed the 1% stuck in T-Bills and similar instruments. Look at the big picture - the financial markets were not disrupted by the LIBOR matter, because there was a side that benefited that offset the side that got too little interest, if there was in fact any wrongdoing.