More scary than AIG coming apart or Lehmann has got to be what is happening with LIBOR to 6.44% which is an amazing increase.
Bloomberg.com: Worldwide
The London interbank offered rate, or Libor, that financial institutions charge each other for loans soared 3.33 percentage points to 6.44 percent today
Libor rates doubled!
September 16th, 2008 · No Comments · Geek
Tags: Financial Institutions·Lehmann·Libor Rates·Loans·London Interbank Offered Rate·Percentage Points·Scary
Excel 2008 bugs make it useless for loans and private equity
August 27th, 2008 · No Comments · Geek
Wow, I can’t believe Microsoft would ship a product like this. Beware, Excel 2008 won’t recalc XIRR correctly and in fact any sheet that has an intentional reference where loan amounts have fees that are dependent. This has worked in versions of Excel for the last 20 years. So sad, it means that Excel 2008 [...]
Tags: Circular References·Excel·Formulae·Loan Amounts·Loan Calculations·Loans·Mean Time·Microsoft·Private Equity·Sad Statement·Software Quality·Value Error·Wow·Xirr