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Live from New York: In 2008, a Barclays employee told the NY Federal Reserve that the bank, as well as other firms, were underreporting LIBOR. Timothy Geithner, the 2008 head of the NY Fed, is now under scrutiny and lawmakers are urging a probe of LIBOR regulators. But why is there so much outrage over LIBOR manipulation when central banks manipulate interest rates every day?

When will the market finally break - and why pessimists may be too pessimistic.

And why is James Grant bullish on black walnut trees?

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