The Libor Scandal and the Price of Prosperity
Harvard Business Review
JUNE 29, 2012
It's difficult to overstate what a pillar of the global economy Libor is — it's used in setting interest rates that affect the daily lives of pretty much every citizen of every advanced economy across the globe. Faintly, in the distance, we protest, we shout, we object. You and I consent to the system. Who stole what from whom?
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