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LI-BORING

Unless one has been living under a rock as of late, news of the most recent banking scandal involving the manipulation of LIBOR has stretched to every corner of the MSM. Honestly, I do not understand why this story has received so much attention. Yes Bankers rigged a number. Yes some people lost money on derivatives tied to said number. Yes this is yet another nail in the coffin of public’s faith in banks. But, what has occurred in LIBOR, happens