PDA

View Full Version : Libor Scandal Is No Match for Its Medieval Precedent - Bloomberg



NewsWhore
07-27-2012, 03:40 PM
Libor Scandal Is No Match for Its Medieval Precedent (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEuzfowP1YOcD9oSYWn8pvB04T1CQ&url=http://www.bloomberg.com/news/2012-07-27/libor-scandal-is-no-match-for-its-medieval-precedent.html)
Bloomberg
In essence, banks and currency brokers in London always had to deduct a few pence from the rate with Venice, and their counterparts in Venice had to add a few pence. But was this wrong? Without ... Bloomberg moderates all comments. Comments that are ...

[/URL]





[url=http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEuzfowP1YOcD9oSYWn8pvB04T1CQ&url=http://www.bloomberg.com/news/2012-07-27/libor-scandal-is-no-match-for-its-medieval-precedent.html]More... (http://news.google.com/news/more?ned=us&ncl=dl5KTQYUh4udjlM)