Info Graphic: LIBOR Scandal Explained

July 14th, 2012
in econ_news, syndication

Econintersect:  The LIBOR scandal, which broke with news about the years of falsification of data input by Barclays Bank (NYSE:BCS) to determing a key global interest rate benchmark, the LIBOR (London Interbank Offered Rate), has not been easy to understand for the man on the street (Econintersect's Joe Sixpack).  It is believed that many, if not all of the worlds largest banks may ultimately be involved in this scandal, but so far the spotlight has been on Barclays.  GEI News has been reporting on this story, including rvelations that the Federal Reserve knew that there was a problem in this area as long as five years ago.  Also, there may have been some encouragement from the BOE (Bank of England) for Barclays to engage in this action.

How does all this affect you?  Read the info graphic after the Read more ... break.


Click on Read more... to view the info graphic.

Follow up:

Click on Info Graphic for Ginormous view.

LIBOR Rates.

Infographic by

The serious nature of this scandal has prompted GEI Opinion guest author Shah Gilani to ask:  Why Aren’t LIBOR Manipulating Banksters in Prison?

Hat tip to The Political Commentator.

John Lounsbury

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1 comment

  1. Robert Carey says :

    Simple enough explanation

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