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View Diary: Libor --- OUTRAGE .... Please!!!! (210 comments)

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  •  The message can be simplified (6+ / 0-)

    Credit cards with variable interest rates often have the rate set at LIBOR plus some fixed percentage.

    Tell people that the banks were rigging LIBOR so they could jack up the interest rates on their credit cards. This is a pretty simple message that people can understand and relate to: Your credit card interest rate was rigged. It's a simple message, which also has the benefit of being true.

    Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. - Groucho Marx

    by Joe Bob on Thu Jul 05, 2012 at 07:42:59 AM PDT

    [ Parent ]

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