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A British trader rigged the rate that priced $350 TRILLION in global loans. The fallout cost the banks involved over $9 BILLION in fines.> LIBOR was the most important number in global finance.> Every mortgage, every student loan, every credit card rate. All tied to one daily number submitted by a handful of banks.> Tom Hayes was a derivatives trader at UBS and later Citigroup in Tokyo.> He figured out that nudging LIBOR by even a fraction of a percent was worth $750,000 to his bottom line.> So
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