http://www.washingtonpost.com/business/economy/new-york-fed-became-aware-of-banks-manipulating-key-rate-in-2007-document-shows/2012/07/13/gJQAesT9hW_story.html
“As much as $800 trillion in financial products are pegged to LIBOR, so any manipulation of this rate is of serious concern,” Neugebauer said in a statement Friday. “We’ll continue looking into this matter to determine who was involved in this practice and whether it could have been prevented by regulators.”
Or $80 billion per basis point that LIBOR wiggles in the dark of the settlement night for an OTC market short premium
“As much as $800 trillion in financial products are pegged to LIBOR, so any manipulation of this rate is of serious concern,” Neugebauer said in a statement Friday. “We’ll continue looking into this matter to determine who was involved in this practice and whether it could have been prevented by regulators.”
Or $80 billion per basis point that LIBOR wiggles in the dark of the settlement night for an OTC market short premium
