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
Libor rates doubled!
September 16th, 2008 · No Comments · Geek
Tags: Financial Institutions·Lehmann·Libor Rates·Loans·London Interbank Offered Rate·Percentage Points·Scary