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Old 10-09-2012, 10:02 AM
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stompk stompk is offline
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Join Date: Jan 2008
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Default Re: LIBOR - An Explanation About The $800 Trillion Scam

Quote:
The Libor bid-rigging scandal is poised to more than double the losses suffered by U.S. states and localities that bought $500 billion in interest-rate swaps before the financial crisis.
http://www.bloomberg.com/news/2012-1...ni-credit.html

The muni bond issuers are having trouble admitting they gambled with other peoples money, and still get paid back for the LIBOR scam.
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