Date: Recorded live on July 2, 2012 12:17pm CST
by: Matt Taibi (streamed by Nate, aka @OccupyEye)
Matt Taibbi, the Rolling Stone reporter who coined the term "Vampire Squid" in reference to the infamous investment bank Goldman Sachs, breaks down how LIBOR rates were illegally rigged by big banks, and what the consequences to the public are for this criminal behavior.
See the following articles by Matt Taibbi for additional information on the LIBOR rate fixing scandal:
- Why is Nobody Freaking Out About the LIBOR Banking Scandal?
- Another Domino Falls in the LIBOR Banking Scam: Royal Bank of Scotland
- A Huge Break in the LIBOR Banking Investigation
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