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Could The LIBOR Scandal Be "The Biggest Consumer Fraud In History"?

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July 12, 2012
Over the past few weeks we've brought you several reports regarding the increasingly worrisome LIBOR scandal. The investigation into interest rate-rigging debacle is quickly snowballing and analysts have now begun wondering if "16 of the world's largest banks have perpetrated the biggest fraud in history."
The LIBOR, the London Interbank Offered Rate, is the world's benchmark borrowing rate and as concerns, both ...
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