Guest post by Arthur Doohan: Don't complain - start repairing LIBOR

Arthur Doohan 20/07/2012

Arthur Doohan:LIBOR ‘structurally flawed’ says the ‘Fed’.... Power corrupts...even a little power corrupts quite a lot...as we have seen, down the millennia and at home and abroad. Expressing disgust at traders attempting to manipulate (and I stress the ‘attempting’) rates in their favour is as false and vacuous as expressing surprise …