LIBOR: what do you know about this scandal?

Discussion in 'Stock Market' started by Truthmatters, Jul 12, 2012.

  1. Truthmatters
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    are you following it?
     
  2. Katzndogz
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    Katzndogz Diamond Member

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    Definition of 'London Interbank Offered Rate - LIBOR'
    An interest rate at which banks can borrow funds, in marketable size, from other banks in the London interbank market. The LIBOR is fixed on a daily basis by the British Bankers' Association. The LIBOR is derived from a filtered average of the world's most creditworthy banks' interbank deposit rates for larger loans with maturities between overnight and one full year.

    Read more: London Interbank Offered Rate (LIBOR) Definition | Investopedia

    Does obama control London banks now?
     
  3. Truthmatters
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    why would that be the question you would ask?


    Are you following the story?
     
  4. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Well if you are, that's reason enough to dismiss it as complete stupidity.
     
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  5. Rat in the Hat
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    Rat in the Hat Gold Member

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    No.

    Tell me in your own words why I should.
     
  6. Truthmatters
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    that is one no , anyone else following it?
     
  7. Truthmatters
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    Ok two nos
     
  8. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    That's no's numbnutz.
     
  9. Rat in the Hat
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    Rat in the Hat Gold Member

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    She doesn't do apostrophes.

    Or intelligence.
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    LIBOR: what did Tim Geithner know about this scandal?

    Apparently everything as it was occurring.
     

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