> The libor scandal cost the U.S. at least $6 billion in interest charges (y) and another $4 billion just to unwind their positions.
Got a reference for that? Not being a dick just interested to read more. For that amount of damage to have occured in < 10 years it would require borrowingin the hundreds of billions wouldn't it?
Libor is an interesting and important concept. An open way to show its calculation should exist.
Got a reference for that? Not being a dick just interested to read more. For that amount of damage to have occured in < 10 years it would require borrowingin the hundreds of billions wouldn't it?
Libor is an interesting and important concept. An open way to show its calculation should exist.