oh dear, what a massive error in understanding.....
how on earth would the banks be able to pay themselves such huge salaries in the millions, and then report over 6 billion in profits each...
here is the LIBOR , the current rate is about 1.08%
some people are really misinformed, on some subjects, then wonder why, they keep getting the market wrong
http://www.thisismoney.co.uk/money/markets/article-1645325/LIBOR-Latest-inter-bank-lending-rate-charts.html
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