Detailed text transcripts for TV channel - MSNBC - 20120707:13:23:00
Its function is simple. it's the interest rate bangs charge to lend money to each other. it's also what the bangs use across to world to determine how much interest you should pay for credit cards and student loans. we're talking about massive loans that may have been affected by the rate rigging. in the state of ohio, as much as 60% of prime rate adjustable rate mortgages and others are tied to the rate. here's british prime minister david cameron talking about the scope of the scandal on wednesday sniet is outrageous frankly that homeowners may have paid higher mortgage rates and smaller bus...
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