An interesting piece on Zerohedge.com which confirms what many have long suspected: LIBOR is not exactly an objective measure of inter bank lending rates.

It’s like finding out professional wrestling isn’t real, does it really matter?

The answer, of course, is that it does not matter…until it does.

Enjoy:

http://www.zerohedge.com/news/manipulation-and-abuse-confirmed-350-trillion-market