, Columnist
The World's Most Important Number
Libor was vulnerable to being tweaked in self-serving ways.
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How is it possible that a few clerks at a handful of London banks determine what some call the world’s most important number? This is the topic examined with this week's Master in Business guest, journalist David Enrich of the New York Times, and author of the new book, “The Spider Network: How a Math Genius and a Gang of Scheming Bankers Pulled Off One of the Greatest Scams in History.”