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An Open Letter To Libor

Dear Lie-bor,

We all want to thank you for your excellent demonstration of duty performed for the financial public welfare and donor central banks.

However you might just be pushing a tad too far. It is clear that you are dropping rates so consistently and significantly you intend to go below zero before next Wednesday.

We all know that your quoted rates are your published rates on loans of under $10USD fully backed by $20USD for a term of 12 hours.

Maybe a one day pop up of one basis point would give the entire process some credibility?

Sincerely,
Jim