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Libor Rate

Libor Rate-Rigging Scandal Sets Off Legal Fights for Restitution – NYTimes.com: Rate Scandal Stirs Scramble for Damages Most consumer mortgages in the sub-prime market were linked to the Libor at adjustment but due to this conduct remain at a lower rate.  So the investor in sub-prime mortgages lost while the borrower benefited. Presumably the tax payers that…

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