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New York Fed’s Libor Documents Reveal Cozy Relationship Between Regulators, Banks
The New York Federal Reserve on Friday released documents showing it knew banks were manipulating a key interest rate more than four years ago.
The documents, which date back to 2007, show that the Fed was fully aware that banks were lying about their borrowing costs when setting Libor, and chose to take no action against them.
Read More: HuffingtonPost
