TUESDAY MAY 27
Libor War: Not Over By A Long Shot

While the greenback gets flak, London is having has its own problems. For instance, that minor scrape with the London interbank offered rate. Like, why is it that a top bank everyone and their mother knew was exposed to crippling subprime losses was supposedly able to borrow massive amounts of money on the market at lower interest rates than its competitors? No one seems to know for sure, but they do know what it means for Libor: very bahhhd things.

May 2008

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