1.0WAMUhttps://wamu.orgadminhttps://wamu.org/author/admin/rich600338<blockquote class="wp-embedded-content" data-secret="ktwbwSwdOT"><a href="https://wamu.org/story/13/07/09/despite_scandal_wall_street_lines_up_to_bid_for_libor/">Despite Scandal, Wall Street Lines Up To Bid For LIBOR</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://wamu.org/story/13/07/09/despite_scandal_wall_street_lines_up_to_bid_for_libor/embed/#?secret=ktwbwSwdOT" width="600" height="338" title="“Despite Scandal, Wall Street Lines Up To Bid For LIBOR” — WAMU" data-secret="ktwbwSwdOT" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,o=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},c.wp.receiveEmbedMessage);else if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(!t);else if(!(t.secret||t.message||t.value));else if(/[^a-zA-Z0-9]/.test(t.secret));else{for(var r,s,a,i=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=new RegExp("^https?:$","i"),l=0;l<n.length;l++)n[l].style.display="none";for(l=0;l<i.length;l++)if(r=i[l],e.source!==r.contentWindow);else{if(r.removeAttribute("style"),"height"===t.message){if(1e3<(s=parseInt(t.value,10)))s=1e3;else if(~~s<200)s=200;r.height=s}if("link"===t.message)if(s=d.createElement("a"),a=d.createElement("a"),s.href=r.getAttribute("src"),a.href=t.value,!o.test(a.protocol));else if(a.host===s.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(o);else{o=!0;for(var e,t,r,s=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),n=0;n<i.length;n++){if(!(r=(t=i[n]).getAttribute("data-secret")))r=Math.random().toString(36).substr(2,10),t.src+="#?secret="+r,t.setAttribute("data-secret",r);if(s||a)(e=t.cloneNode(!0)).removeAttribute("security"),t.parentNode.replaceChild(e,t);t.contentWindow.postMessage({message:"ready",secret:r},"*")}}}}(window,document); </script> LIBOR — the London interbank offered rate — is being sold. How can an interest rate be sold? Well, like anything that is a brand name, LIBOR has value, even if that value has been undermined in recent years by scandal. The NYSE Euronext will acquire LIBOR from the British Bankers' Association. Terms of the deal have not been disclosed.https://wamu.org/wp-content/uploads/2019/01/wamu-default-og-image.png1200630