PX-006
Archive filearchivedocumentedmoney
LIBOR Rigging
A benchmark moved because the players moved it.
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Claim
Major banks were fined for manipulating a benchmark rate tied to loans, derivatives, and mortgages. The manipulation is documented. The lingering dispute is how much market culture changed after the fines. It shows that invisible infrastructure can still be rigged. Borrowers, institutions, and counterparties all took distorted pricing as reality.