Libor down in largest decline in 9 months

Libor down in largest decline in 9 months

In a sign the credit markets are starting to become slushy rather than frozen solid, the LIBOR is down 36 basis points today. This decrease represents the largest single day drop in the LIBOR since January, when we first started seeing strong signs of the impending mortgage meltdown. Bloomberg.com has more on the subject, but it seems that this train of bad news is coming to the light at the end of the tunnel.



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