2012-09-09dealbreaker.com

``The basic point is that if you think Libor is going to vanish as a thing in the next few years, you might or might not share your hopes/fears with a Bloomberg survey, but you'd definitely think twice about entering into a five-year Libor swap or Libor-priced credit facility. (Because: unwinding swaps costs you money! Unwinding swaps because Libor Went Away probably costs you a lot of money, in expectation.)''


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