‘It very political, if you have a Federal Reserve however, may have to bail out a company and not another company, ‘said Paul here . ‘That’s pretty political. ‘.
Libor refers to the London Interbank Offered Rate. Earlier this month, the New York Federal Reserve Bank, said he knew that London banks reporting borrowing costs changes changed the Libor – a tactic that the NY Fed believes was done in order to increase profits.
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