The LIBOR Fraud

LIBOR Scandal More Than Fraud – Whole Game is Rigged

February 12, 2013

Costas Lapavitsas: From multimillion dollar losses by cities like Baltimore to pension fund losses and much more, the LIBOR interest rate scandal shows that such mechanisms must be taken out of the hands of banks and be run in public interest

LIBOR Rate-Fixing Scandal Sets Off Investigations, Lawsuits Against Big Banks

August 5, 2012

Cities around the country, from Baltimore to Oakland, are taking legal action against the banks responsible for suppressing the London interbank offered rate, Libor. And some 75% of major cities involved in libor-tied interest-rate swaps stand to reclaim taxpayer losses in addition to libor-backed mortgage holders who lost money on the rate’s manipulation.

Bill Black Reports: LIBOR and HSBC

July 25, 2012

Bill Black, author of "The Best Way To Rob a Bank is to Own One" begins a regular TRNN feature reporting on financial news

LIBOR – Insider Trading on a Massive Scale

July 17, 2012

Stephany Griffith-Jones: Major banks fixed interest rates to make short term profits and look stronger than they were

Interest Rate-Fixing Scandal Swindles Baltimore, Other Municipalities out of Millions of Dollars

July 17, 2012

Amidst the financial crisis of 2008 and resultant recession, cities and states around the country lost millions of dollars on investments tied to the London Interbank Offered Rate (Libor).

Will Obama Admin. Prosecute the Big Banks for LIBOR Manipulation?

July 16, 2012

Michael Greenberger: With Wall St.’s embace of Romney, Obama has nothing to lose prosecuting the big banks for the LIBOR fraud

Baltimore, Big Banks and a Criminal Conspiracy

July 15, 2012

Bill Black: The LIBOR fraud stole millions upon millions from American cities and people around the world