觀點同業拆借利率

Too big to manage and regulate are what matter now

This one is a game-changer.

We have got used to the idea that incompetence, greed and hubris led to the banking crisis.

But the organised, systematic manipulation of the central reference point of the free market, as exposed by the revelation that Barclays tried to manipulate a benchmark interest rate, casts the global banking industry in a very different light.

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