Gramm is on the payroll to supply influence among panelists and arbitrage opportunities. LIBOR is a closed interbanck metric. The 16 banks negotiate among their managers, then publicly report.
Just look, LOOK, at which banks negotiated unlimited, risk-free funds from US Treasury to continue business. Diversity is the key to economic and political evolution.
'Current market conditions.'
Right.
As for honoring commercial LOCs? Originating new loans? pshhaw. Diversity is the key to economic and political evolution.
