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The London Interbank Offered Rate is one good measure of the credit crisis: It's the interest rate that good, steady banks can expect to pay when borrowing from each other. The further it gets from the Fed rate, the worse things are.

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The LIBOR gets set every day by the British Bankers' Association in London. As banks grow more unwilling to lend each other money -- because who knows if they'll get it back -- the LIBOR climbs further from the steady U.S. Fed rate, making it more and more difficult for banks to get money on credit.

I mostly like old, unpopular things, like from 2002. I'm also 102 years old.

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