other than talking about liebore. here's how it works. each one has to tell the british banking association the lowest interest rate at which it thinks another bank would lend it money. how does each bank determine their own rate? it's a complicated process that involves a multitude of factors like investor confidence, the money supply, the human anus, and yanking things out of it. but mostly just those last two. then -- (cheers and applause). round of applause for the human anus. then that libor rate is used to set interest rates everywhere on earth. of course not everywhere, just places that use money. i believe emperor penguins on the ice shelf are not affected. now here's the wrinkle. the banks that determine libor also employ traders who bet on what that rate will be. they're not supposed to talk to each other but you'll never guess what happened. >> leaders at banks were conspiring to fudge the data to boost their own trading profit. one part of barkleys would say to another could you submit data that makes us look -- that either is