What’s Fed to Do as 15 of 18 Banks Fixing Libor Aren’t AmericanCaroline Salas Gage
Mark Calabria at the Cato Institute usually isn’t shy about criticizing Timothy F. Geithner. Yet he says it was ultimately up to the British to deal with the manipulation of Libor, as only three of the 18 banks that set the London interbank offered rate are based in the U.S.
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