Tag Archives: London
We’ve been hearing a lot about the Libor scandal lately, and as I’m sure most of you know, the LIBOR rate affects many home mortgages. The London Interbank Offered Rate, or LIBOR, is a benchmark interest rate on which a whole lot of loans and financing is based. The scandel, which started in good ole’ London, is a self-reported estimate of how cheaply banks can borrow very-short-term money from other banks. It’s like the honor system. Only guess what — the banks involved were not honest, and the financiers violated honesty in the interests of profits.
I’m a British journalist based in Austin and I’m working on a story for the Sunday Telegraph magazine in London that I’m hoping you can help with. It’s pegged to the new season of Dallas starting in the Fall in the UK (in June, I believe, over here) but I’m actually focusing on the Hunt family (which Harry Hurt III’s book called ‘the real Ewings’!)
Meet Alex Hannaford. He was in town last week digging up dirt on, as he said, “the real Ewing family” which Harry Hurt III claims is based on the H.L. Hunt family. Well, of course I helped. As did some other high-profile journalists in town. Because any time you talk about family greed, wealth, mega-money and oil, guess what crosses the path? Real Estate. Case in point: does anyone in Texas ever sell off their mineral rights? I didn’t think so.