By Mark Vorpahl Though, for most, the London Interbank Offer Rate (Libor) interest rate fixing scandal appears distant and far too complex to understand, its potential consequences may be as economically devastating as a world war. Accountingdegree.net has created a fantastic infographic explaining the gist of the scandal. The Libor is used to set payments…
Tag: LIBOR
Jail the Banksters!
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by Stephanie Hampton The truly powerful feed ideology to the masses like fast food while they dine on the most rarified delicacy of all: impunity. ~ Naomi Klein The two-tiered justice system in the United States is made crystal clear in its special treatment of financial sector crimes. If a man should commit the victimless…