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A Libor Rigging Primer

Submitted by Roanman on Wed, 07/25/2012 - 02:08


Among those things that are interesting about this infographic is the source,


Since (at least) 2005, Barclay’s has been manipulating LI(E)BOR, and their traders have been allegedly pocketing $40MM A DAY betting on interest rate derivatives. If the LIBOR, one of the most fundamental metrics of our banking system can be rigged, can you imagine what other elements of our financial system are a fraud?


Exposing Barclays LIBOR Rigging Scandal


We are loving the "There May Be More Accomplices" part.

Yeah, like for example The FED and the Bank of England just for starters.

Then of course you get your usual suspects.