Detailed text transcripts for TV channel - MSNBC - 20120710:13:12:00
Libor scandal continuing. new questions about whether regulators were in on some of the price fixing that we have been discussing for the past couple of weeks now. congress started to ask the new york fed what it knows. so that's the talk of the town this morning. not so much moving the markets. but definitely moving mouths as people chit-chat. >> for layman's term it is libor is a british rate people base their mortgages on, right? >> less mortgages but it uh affected student loans and really is the baseline, if you will, for a lot of the economy and corporate loans and things of that sort an...
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