I wrote a long boring article on the libor based upon the scandals that had happened around those dates when it would have been more useful to explain what is the libor?, why is it so popular?, what is the main difference between it and other rates like the fed fund rate?
I am not going to do this here either because they recently gave me at work
this great article, that I'm sure you'll enjoy too if you are interested in the
soporific fascinating world of the interest rates. It's from Credit Suisse and it is definitely worth reading, or at least pages seven to nine.