Federal Reserve Chairman Ben Bernanke just admitted in testimony before the Senate that he cannot guarantee the reliability of LIBOR and avoided answering whether U.S. banks are implicated in the rate fixing but did say "two US banks' have been asked to submit detailed information into the ongoing US inquiry into Libor."
Which is a roundabout way of saying "Of course U.S. banks are implicated in the LIBOR fixing scandal!"
It's all rigged.
All of it.
1 minute ago