"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Putting the LIBOR Scandal in Context
"There has been much talk of the LIBOR scandal in the financial news and even the mainstream press. The LIBOR, or the London Interbank Offered Rate, is set by a committee of banks sending their estimates of the rate at which they could borrow from another bank."
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