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Excerpt from Bloomberg -- "Between Jan. 2, 2007, and Aug. 8, 2007, 95 percent of submissions had an impact on where the rate was set, according to “Libor Manipulation?” a 2008 paper by academics including Rosa Abrantes-Metz, an economist with consulting firm Global Economics Group and an associate professor at New York University’s Stern School of Business."

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Additional coverage appeared in Bloomberg Businessweek.