What ya gonna do about LIBOR?



A good front page in the FT today which seems to epitomise the uncertain economic spirit of the age. They ran a series of headlines referring to the London Interbank Lending Rate (LIBOR) which Barclays were found to be fiddling earlier in the year:

  • UK to overhaul benchmark interest rate
  • US regulator calls for faster Libor reform
  • Fast Libor reform ‘risks causing chaos’

Or, in layman’s terms, “Fuck, what shall we do? Don’t worry we’ll do something. For God’s sake get on with it, do it now! Oh Fuck! What are you doing? Don’t do that for Christ sake!





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