LIBOR Exposed: How the real scandal was buried
Update: 2024-12-01
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this is such a fascinating story for so many different reasons- we have traders who were found guilty and sent to jail in the UK for a crime that that apparently wasn’t a crime
We have senior bankers caught on tape talking about collusion and openly manipulating the interest rates and yet they weren’t even charged and we have regulators who knew everything that was going on who had solid eveidence to go after senior bankers yet chose to stitch up those further down the line.
This story goes to the heart of everything that is wrong with the financial sector which is why I love it, hope you do too
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