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    British Banking Part II

    The British are annoyed. It seems the brand London Interbank Offered Rate (“LIBOR”) has been somewhat sullied. Just about everyone sensitive to interest rates has had the bad news broken to them that LIBOR is the source of their ills. In the equation “LIBOR plus 2%” the “2%” isn’t the problem. LIBOR is. Well, that’s […]

    / Apr 23, 2008 at 1:20 PM

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