Evidence of Banks Manipulating Important Interest Rate
Posted by Jason Apollo Voss on Apr 18, 2011 in Blog | 0 comments LIBOR, or the London Inter-Bank Offering Rate, is one of the world’s benchmark interest rates. It is used in many banking transactions around the world to establish the interest rate to be paid, especially for institutional banks. In fact, it helps determine interest rates for approximately $10 trillion (!) of loans and, get ready for it, $350 trillion worth of derivatives contracts...read more