Matt Taibbi Discusses The LIBOR Scandal at Occupy National Gathering
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@small_affair streamed this too but Nate's footage is much better.
July 2, 2012 Franklin Square, Philadelphia, PA
Among the many fantastic speakers at the Occupy National Gathering was Matt Taibbi.
On July 2, Matt Taibbii, Rolling Stone contributor and writer of "Too Crooked to Fail" explained The Libor Scandal, breaking down how LIBOR rates were illegally rigged by big banks, and what the consequences to the public are for this criminal behavior.
Calculated every day by the British Bankers' Association (BBA), LIBOR (London Interbank Offered Rate) is supposed to reflect the average interest rate at which 16 big international banks based in London can borrow from each other.
The following articles by Taibbi offer insight into this financial scandal.
A Huge Break in the LIBOR Banking Investigation
Read more: http://www.rollingstone.com/politics/blogs/taibblog/a-huge-break-in-the-libor-banking-investigation-20120628#ixzz20vJ4W9mv
Why is Nobody Freaking Out About the LIBOR Banking Scandal?
Read more: http://www.rollingstone.com/politics/blogs/taibblog/why-is-nobody-freaking-out-about-the-libor-banking-scandal-20120703#ixzz20vHMBODM