Posted on 10/20/2008 8:27:39 PM PDT by Labour-Watch
On the fifth floor of an imposing building in London's Canary Wharf, six people are putting together one of the world's most important numbers.
Every weekday morning, as the clock ticks round to 11, the group's members wait patiently for the numbers to arrive.
These are the figures that will determine the day's Libor rate, or rather the rate banks charge when they lend each other money.
(Excerpt) Read more at news.bbc.co.uk ...
>There’s a huge sense of frustration amongst everyone that rates have stayed so high, says Buik. <
yes.
Listen, I'm not feeling well today, thought I'd call in sick. Think you can handle the numbers today? Really? Oh, hey thanks so much. I'll see you Monday.
Blam. I think you got 6 replies on your last post about Libor. Musn’t be an important subject. /S
Yes...this one:
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