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When it comes to thievery the biggest banks in the world are the masters. They live by the maxim "If you are going to steal - go big!". The current LIBOR scandal is an outrageous example of banks colluding to steal on scale that is hard to comprehend.
We understand what it means to steal 200 dollars from a convenience store, but stealing billions over years and just a fine and  no jail time, that's impressive.
A little background. LIBOR is an acronym standing for "London InterBank Offered Rate", it is the benchmark rate representing the interest rate banks charge each other to borrow from each other. This rate is established by a formula which tracks the rates the biggest banks say the use when lending to other banks. This rate is so important because many other financial products are based on a fixed increment tied to this rate, so it becomes the determining rate for a vast array of other global financial products. Since the LIBOR is based on what banks are lending each other, they are requested to provide their lending rate information to the body that establishes this rate. If the banks tell the truth, the rate is true, but when the banks lie, and they did systematically,  the rate is a fiction created to make banks more profitable by rate manipulation. A small change in this rate can mean hundreds of millions of dollars to the biggest banks.
So add this lie to the "your cheque is in the mail" or "I will call you back soon" because this lie is the biggest lie of them all.