Bloomberg: Fed can’t reduce LIBOR

I could fix this in twenty minutes… Money Market `Plagued’ by Libor That Fed Can’t Reduce by Gavin Finch (Bloomberg) A year after central banks started to pump trillions of dollars into the financial system to end a seizure in credit markets caused by subprime mortgages, cash is about as tight as it’s ever been. The U.S. market for [...]