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Book Review -- Open Secret: The Global Banking Conspiracy to Fix LIBOR that Swindled Investors Out of Billions

Book Overview

In today’s complex financial world, borrowing rates are all around us, implicit in everything from our credit cards to our mortgages. Many of these ubiquitous financial products share a common reference rate, the London Interbank Offered Rate (or “LIBOR”), which represents banks’ near-term funding costs, and is a short term interest rate benchmark against which many float ...
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