libor http://wwno.org en Documents Lift Veil On Bank-Rate-Rigging Scandal http://wwno.org/post/documents-lift-veil-bank-rate-rigging-scandal As the financial crisis began to unfold in 2007, the New York Federal Reserve learned that some banks might have intentionally underestimated the rates they expected to pay for loans from other banks.<p><a href="http://www.newyorkfed.org/newsevents/news/markets/2012/Barclays_LIBOR_Matter.html">Documents</a> the New York Fed released Friday, in response to a request from Congress, show that the banking regulator began to be concerned about the accuracy of LIBOR — or the London Interbank Offered Rate — late in 2007.<p>That's when the New York Fed began to hear anecdotal reports that some banks m Fri, 13 Jul 2012 21:52:00 +0000 John Ydstie 15725 at http://wwno.org