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Fed Knew of Libor Scandal Years Ago

Raising the question: Why wasn't anything done?

By Kevin Spak,  Newser Staff

Posted Jul 10, 2012 11:19 AM CDT

(Newser) – The Federal Reserve Bank of New York knew something fishy was going on with the Libor rate as far back as August 2007, it has revealed. "We received occasional anecdotal reports from Barclays of problems with Libor," a spokesman said in a statement....   Read full story »

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