Picture courtesy of WRH
‘Why Is the Libor Scandal So Important to You?
There have been numerous big banking scandals recently. But the Libor scandal is the biggest financial scam in world history. 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.’