Relevant:
- US Students Detected Libor-Fixing Years Before Banking Scandal
- Schwab Sues Bank of America, Citigroup for Manipulating LIBOR Rates; IMF Notes that LIBOR Underpins $400 Trillion in Financial Derivatives
- Why Libor Defies Gravity
- Americans now Hold Over $4.1 Trillion in Consumer Debt: Last Debt Bubble Peak was at $2.5 Trillion.
- The $800 Trillion Scandal: How Banks' LIBOR Lies Affected You
2008-10-10 — bloomberg.com
Rising Libor, set each day in the center of international finance, means higher payments on financial contracts valued at $360 trillion -- or $53,500 for each person worldwide --including mortgages in Britain, student loans in the U.S. and the debt of companies like CIIF in Makati City, the Philippines.
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