LIBOR scandal: What is it and why you should care - CSMonitor.com

It should be obvious that governments don't really determine interest rates any more, probably, a low interest rate syndrome is here to stay. Within andcwith the present financial market structure there's no effectve monetary policy, just monetary actions in response to crises defined elsewhere, like rigged slot machines in a gambling casino? Who really wins? ... Obviously the owners of the slots!

http://www.csmonitor.com/World/Global-Issues/2012/0720/LIBOR-scandal-What-is-it-and-why-you-should-care?cmpid=ema:nws:BizTech%2007252012&cmpid=ema:nws:NzQ4MDU4NDEwMgS2

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