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It has to be run by someone who is representative of the people, who elected those in the FED? You talk about why should we all be worried about manipulation of the LIBOR rate.....why should we be worried about low rates? Low rates promote poor financial decisions, low rates allow those banks to make crappy derivative bets then cover them up.
Yes, they have done so well, haven't they.
How long have you known that the 16 LIBOR-setting banks were fixing the rate?
How did you find out?
Originally posted by KonquestAbySS
reply to post by jdub297
Holy s**t you can't be serious right? Really, how often do you read, or learn about things that isn't on the MSM?
Fixing rates is a banks business...This isn't rocket science.