The London Inter-Bank Overnight Rate, or LIBOR, is no longer to be allowed to be overseen and set by banks in London, because the banks in London - like everywhere else - have shown that they cannot be trusted.
Read
http://www.bbc.co.uk/news/business-19755863
on LIBOR
and
http://www.bbc.co.uk/news/business-19797396
for more on good old US banks and their shenanigans.
Make you really want to vote fer Romney.
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