Tag: LIBOR

You absolutely have to watch Matt Taibbi explains how the ongoing LIBOR rate-fixing scandal is tantamount to the biggest insider trading scheme we could ever imagine. As Taibbi noted, average folks like you and I are affected by the LIBOR rate-fixing scandal because local governments tend to lose money when…

I admit that though I had been tangentially following the LIBOR scandal in Great Britain, I hadn’t really paid very close attention to it – until today. For those of you who don’t know what LIBOR is, LIBOR stands for the London Interbank Offered Rate, which is the average interest…