I was wrong the other day when I mentioned the falling IQs ofÂ bankers as soon as they seeÂ one of their own. Here is the proof. We are all familiar (there are exceptions) with concepts like prime-rate, bank-rate, LIBOR. TIBOR, cost ofÂ funds etc.etc. But did you know that if you juggle them you can have your cake and eat it too? Yes , this time they dropped prime one for one with the Bank of Canada’s 50 beeps but before you get carried away into sentimental admiration, read this. By the way, I cannot figure why the interest is $9.88 a instead of $10 (semi-annual?).