Goldman Sachs did not manipulate LIBOR because it's not even one of the banks that is asked for LIBOR submissions (they were an investment bank, not a commercial bank).
I'm all for bashing banks when it's appropriate, but it's our obligation to get the facts straight first.
https://www.theice.com/iba/libor
Goldman Sachs did not manipulate LIBOR because it's not even one of the banks that is asked for LIBOR submissions (they were an investment bank, not a commercial bank).
I'm all for bashing banks when it's appropriate, but it's our obligation to get the facts straight first.