But then scandal hit with the revelation in 2012 that banks were artificially controlling the rate, including by reporting borrowing rates at levels that would benefit their swap traders, and make banks look more insulated from risk than they were. Safeguards were few, and the system, which relied on banks to simply report what rates they would charge, basically left the mice guarding the cheese.
Related posts
-
Bitcoin’s Future in Focus: 4 Economic Variables for 2025
Right now, bitcoin’s price is cruising comfortably over the $97,000 mark, and we’ve got just ten... -
Altcoin season’s top 3 winners — cryptos picks for winter 24/25 trading
Disclosure: This article does not represent investment advice. The content and materials featured on this page... -
5 affordable cryptos to watch: Huge potential under $1
Disclosure: This article does not represent investment advice. The content and materials featured on this page...