Geithner

Geithner: Why Libor was used in bailouts

Submitted by Rain on Fri, 07/27/2012 - 04:06

Published on Jul 25, 2012 by CNNMoney

Tim Geithner explains why the Federal Reserve used Libor as a base rate for AIG and TALF loans despite knowing that it was 'vulnerable to misreporting.'

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