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The Washington Examiner printed the blistering editorial while in the wake of bombshell testimony within the Jan. 6 committee hearings.
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These premiums aren't "consultant," in that they're not calculated depending on the economic reality that LIBOR is alleged to measure. On the other hand, These are calculated to closely more info mimic what the LIBOR might have been if calculated in the panel lender system.
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These banks are necessary to send their responses for each loan maturity period of time under their country's particular currency. The IBA then calculates the LIBOR using a standardized, transaction-primarily based, facts-pushed layered technique called the Waterfall Methodology.
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