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General Category >> Politics, Religion (Tall Table) >> Libor Scandal - how did I miss this?
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Message started by Pine on 11/06/13 at 09:28:51

Title: Libor Scandal - how did I miss this?
Post by Pine on 11/06/13 at 09:28:51

Because it is SUPER underreported in the US media?? I must assume so!

Source: I first heard of this on Youtube.. but as a main source it could be suspect. I therefore present Wikipedia... and yes for all its pitfals as a source... it certainly has more credibilty than most others.

http://en.wikipedia.org/wiki/Libor_scandal

The gist: member banks in the LIBOR set interest rates that either favored their postition or reduced the look of thier losses.

Title: Re: Libor Scandal - how did I miss this?
Post by justin_o_guy2 on 11/06/13 at 10:43:26

Dooo Whaaat? Why,, that couldnt have happened! Just think how many would have to have been involved,, YOu know, like the Manhattan Project, the Greenbrier Hotel bunker system that stayed secret for 30 years,, & yea, I remember hearing about it,,

Title: Re: Libor Scandal - how did I miss this?
Post by Midnightrider on 11/06/13 at 11:44:47

Rupert Murdolp didnt want you to find out about it. He owns most of the media. Hell he was probably involved.

Title: Re: Libor Scandal - how did I miss this?
Post by pgambr on 11/06/13 at 12:52:01

Wasn't in any of our media. It was in UK media such as Reuters, Guardian, etc.