What is Libor and Why Should You Care?

So, you heard that Barclays was accused of fixing Libor rates.

 

 

What is Libor and Why Should You Care?

 

 

 

Barclays was fined $450 million and its chief operating officer, CEO, and Chairman all resigned.

It looks like this scandal is about to get bigger. In the meantime, here is a spoof of a recent Barclays ad.

Related articles

• NIGHTMARE: New York Times Reports Prosecutors Are Building LIBOR-Related Criminal Charges Against Several Banks (businessinsider.com)
• Key Highlights From Fed Lieborgate Disclosure (zerohedge.com)
• Libor, corruption in high places (roopost.wordpress.com)
• How big could the Libor scandal get? (bbc.co.uk)
• Warren Buffett: Libor Scandal 'Involves The Whole World' (huffingtonpost.com)