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Tag Archives: New York Fed

Libor: An opaque scandal erodes confidence in major banks

Last month, one of the biggest financial scandals in history came to light, involving many of the most pre-eminent banks in the world. But public reaction has been so muted that a Los Angeles Times columnist was compelled to ask, “Why aren’t more people furious about the Libor scandal?” In fact, people are. The news media soon will be full ...

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