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Libor rates doubled!

September 16th, 2008 · No Comments · Geek

More scary than AIG coming apart or Lehmann has got to be what is happening with LIBOR to 6.44% which is an amazing increase.

Bloomberg.com: Worldwide

The London interbank offered rate, or Libor, that financial institutions charge each other for loans soared 3.33 percentage points to 6.44 percent today

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