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post #2 of (permalink) Old 07-25-2012, 04:51 AM
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The LIBOR manipulation was very real, but the actual impact it has had on consumers is still unclear (although likely not very big).

The reporting on this has indeed been very weak. Mostly just very basic stuff without any detail of what actually happened. And, of course, plenty of bank-bashing polemic from people who have no idea what they are talking about (Matt Taibbi) or who really should know better (Spitzer, the professor in the Al Jazeera clip)...
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