Still, They Get The Benefit of the Doubt Every Time
There's a lot wrong with LIBOR, they say. Even if there is, this surely isn't any better. The world sees them as the ideal technocrats, the best and brightest. They are, and have been, the Keystone Cops. The Federal Reserve Bank of New York said Monday it had mistakenly included certain repo transactions in the settings for April 2 to [...]
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