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The most important number in the world is Libor. Omnipresent Libor dominates the rates everyone pays from lending. This podcast provides a brief history on why things went so wrong with a concept that was so right. Surely not due to snouts in the trough, stupidity and greed?
Apologies to Simon and Garfunkel for messing up their lyrics
The most important number in the world is Libor. Omnipresent Libor dominates the rates everyone pays from lending. This podcast provides a brief history on why things went so wrong with a concept that was so right. Surely not due to snouts in the trough, stupidity and greed?
Apologies to Simon and Garfunkel for messing up their lyrics