Why Is the Libor Scandal So Important to You?
But the Libor scandal is the biggest financial scam in world history. See This
The former CEO of Barclays Said
today that banks across the world
were fixing interest rates in the run-up to the financial crisis .
Professor of economics and law Bill Black Notes
It is the largest rigging of prices in the history of the world by many orders of magnitude.
Matt Taibbi Explains
that this is the “mega scandal of all mega scandals”, because Libor is the “sun at the center of the financial universe”, and manipulating Libor means that “the whole Earth is built on quicksand.”