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 Politics

Forum for discussing local and world politics and issues. All views are welcomed. Let your opinions be heard on current news and politics.


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10. July 2012, 08:02:53
Iamon lyme 
Subject: Re:
(V): "How could the actions of Barclays' traders affect me? As already discussed, the Libor rate is determined from the banks telling the British Bankers' Association their own interbank lending rates. It goes into a pot with figures from other banks to work out the daily rate. Any change in that main rate could feed through the financial system to make loans, mortgages or credit card interest rates more expensive, or cheaper. One economist stated today that 5 billion people were affected by this rigging of Libor rates"

Really? 5 billion people out of a total world population of...

http://www.census.gov/main/www/popclock.html

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