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NERA Senior Vice President Dr. Faten Sabry discussed the ongoing credit crisis at this conference, held by Blank Rome LLP in New York City on 3 November 2008. Dr. Sabry, an expert on the economics of subprime lending, delivered a presentation entitled "So Why Do I Care about LIBOR Again?" The presentation addressed the financial meltdown of 2008, including the subprime problems, its contagious effects on the banking sector, credit availability, and its creeping impact on consumer credit and the global economy.