Writing Homework Help

According to the case and question, make one or two slides in PowerPoint. And write a speech. (which I will read when I do the presentation.) Just 1-2 mintues presentation.

I also upload the teaching note for this case.

Question: The manipulation of the LIBOR can be broken down into three phases. Explain the justification in the third phase. (what they tried to reason to the public why they did it.)