Comment: US Prime interest & LIBOR

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US Prime interest & LIBOR

US Prime interest & LIBOR rates are calculated in much the same manner. Bankers are trained in the art of deception. Proper manners & attire are accouterments... Theater uses a lot of make up.

US Prime & International LIBOR: Make-believe interest rates for make-believe monetary systems.

Interest Rates Are Banker "Imagination" "Make Believe" Submitted by Mark Twain, 05/07/2010. Quick summary of how to calculate Prime & LIBOR interest rates.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul