The Terrifying Reality of Long-Term Unemployment

[AnotherMcIntosh]

31. That's meaningless. Are you unaware of the LIBOR was rigged by some banksters?

It's been in the news and otherwise explained on the web. E.g.,

The London Interbank Offered Rate (LIBOR) and its Brussels and Japanese equivalents (the European Interbank Offered Rate (EURIBOR) and the Tokyo Interbank Offered Rate (TIBOR), respectively) are set through a process whereby each day about 40 banks submit their interest rates at which they are willing to lend, to the respective trade organizations in their regions. Once the high and low bids are discarded, the rates of the two middle quartiles are arithmetically averaged. This process is repeated about 150 times to determine the final rates each day and extends to 10 currencies and across 15 time zones. The interbank offered rates serve as a reference for the pricing of financial products worth $350 trillion that include floating rate mortgages, savings accounts, interest rate swaps, other OTC derivatives, student loans, corporate loans and credit cards.

http://www.investopedia.com/financial-edge/0712/the-libor-scandal.aspx

Saying that the DOW is a calculated average of certain stock prices doesn't mean that the DOW is not and cannot be rigged. If someone were to explain how the LIBOR is set, that would not mean that the LIBOR has not been rigged.