Re:up the LIBOR scandal

As Tom Hayes and Carlos Palombo take their appeal for LIBOR manipulation to the Supreme Court this is an updated post about LIBOR and the origin of interest rate derivatives.

Dramatic look gopher goes to the British Bankers’ Association (von Sachsen-Rampton, 2024)

“If the law supposes that,” said Mr. Bumble, squeezing his hat emphatically in both hands, “the law is a ass—a idiot. If that’s the eye of the law, the law is a bachelor; and the worst I wish the law is that his eye may be opened by experience—by experience.”

— Charl…