To me, context is about pattern recognition.

It's connecting the dots.

It's giving readers an ability to synthesize

a number of different perspectives

so they can understand how the greater whole works,

because nothing really occurs in isolation anymore.

I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion.

On our platform, we ask tough questions and solve complex problems with the facts in mind.

Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Hello and welcome to another episode of the Oddlots Podcast. I'm Tracy Allaway.

And I'm Joe Wisenthol. So, Joe, we are on part two of our epic Libor series.

Yeah, this is a, I'm very excited about this series.

I'm, you know, I always learn a lot from doing these podcasts with you,

but I, this is one area that I know is a

Incredibly important to the way the financial system works

Libor and the transition away from it and also an area that I don't know nearly enough so I'm very

excited that we are moving on to part two of this year.

Yeah and just as a reminder, if you haven't listened to the first episode,

you definitely should.

But we basically spoke about everything that went wrong with Leibor, sort of pre and post financial crisis.

So just as a quick reminder, there was a huge LIBOR scandal.

The idea of having banks submit the reference rate for basically an unsecured

loan that would be made between dealer banks was really thrown into doubt and

...