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The controversial rate manipulation of the Barclays capital hits the world business and political sectors few weeks ago. This scandalous issue cannot be undone and will always be remembered in the future.

The Libor scandal that has recently come out is certain to affect the finance industry for many years to come. Repercussions from fixing an industry standard rate go far beyond the initial top-level transactions that Barclay's and other leading financial institutions created. Everything from the derivative transactions to residential mortgages has been tied to the Libor, bringing into question the true size of the legal tsunami that is forming.