{"id":20229,"date":"2012-07-16T12:00:54","date_gmt":"2012-07-16T11:00:54","guid":{"rendered":"http:\/\/www.transcend.org\/tms\/?p=20229"},"modified":"2012-07-13T20:39:39","modified_gmt":"2012-07-13T19:39:39","slug":"kucinich-explains-libor","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2012\/07\/kucinich-explains-libor\/","title":{"rendered":"Kucinich Explains &#8220;LIBOR&#8221;"},"content":{"rendered":"<p>Late last month, Barclay&#8217;s Bank, a multinational bank and financial institution based in the United Kingdom, admitted to regulators that it tried to manipulate something called &#8220;Libor&#8221; before and during the financial crisis in 2008. \u201dLibor&#8221; is an acronym for London Interbank Offered Rate. It is a rate used as a benchmark for the cost of lending throughout the financial system, and it is also used as a reference rate for a wide range of financial products like car loans, adjustable-rate mortgages, student loans and credit cards.<\/p>\n<p>httpv:\/\/www.youtube.com\/watch?v=fcyX6Hlqldk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Late last month, Barclay&#8217;s Bank, a multinational bank and financial institution based in the United Kingdom, admitted to regulators that it tried to manipulate something called &#8220;Libor&#8221; before and during the financial crisis in 2008. \u201dLibor&#8221; is an acronym for London Interbank Offered Rate. It is a rate used as a benchmark for the cost of lending throughout the financial system, and it is also used as a reference rate for a wide range of financial products like car loans, adjustable-rate mortgages, student loans and credit cards.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-20229","post","type-post","status-publish","format-standard","hentry","category-short-video-clips"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/20229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=20229"}],"version-history":[{"count":0,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/20229\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=20229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=20229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=20229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}