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View Diary: WHY WE’RE SCREWED (232 comments)

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  •  Small point: Squid doesn't submit LIBOR rates (6+ / 0-)

    Squid, aka Goldman, is not among the banks that submit rates for the calculation of LIBOR. Thus, SQUID is not, as the diary writes, rigging the LIBOR rate.

    The good news for Goldman recently has been that it has managed to stay out of the headlines. And unlike some of its rivals it's unlikely to have to fork over a big settlement in the Libor scandal. Goldman is not among the banks that help set (fix) the key lending rate.

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