Who cares about LIBOR? Its just the interest the crooks charge each other for interbank loans. If the banks weren't run by idiots there would be no reason to even have LIBOR. Our monetary system is like our tax system. There are no experts because nobody understands the regulations. The regs just create new cubby holes where the crooks running our country can pickup a couple extra bucks. Both our tax system and our monetary system needs to be tanked and start over gain. There is nothing about either system that is worth trying to fix because its too corrupt. The fox is guarding the hen house.