William Banzai clarifies the process by which Lie-bor submissions are turned into entirely irrelevant (and yet massively important to trillions of dollars of derivatives) interest-rate settings.
Source: William Banzai [3]
William Banzai clarifies the process by which Lie-bor submissions are turned into entirely irrelevant (and yet massively important to trillions of dollars of derivatives) interest-rate settings.
Source: William Banzai [3]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/07/20120710_liebor.png
[3] http://www.flickr.com/photos/expd/7537989666/