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HomeLibor Scandal et al: The True and Total Cost
Posted by Larry Doyle on December 12th, 2012 8:29 AM |
Would it be even possible to measure the total cost of the manipulation of Libor? A basis point here, a few basis points there and nobody really gets hurt, right? No, not right.
The simple fact is the manipulation of the most widely tracked short term interest rate in the world comes with the same very real costs attached to all forms of corruption, including the money laundering scandals at HSBC, Standard Chartered and who knows how many other institutions.
What are these costs? (more…)
