Loans and Finance

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Wednesday, January 16, 2013

Why LIBOR Matters

As per Max Keiser:
"LIBOR and other mrk riggers have just dropped UK 10-yrborrowing costs below 2%. Each £ saved in interest loses 2 £'s from pensions/savers."
In other words the LIBOR riggers profited at the expense of the rest of us!

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