This is the first thing I've read that tries to explain the LIBOR scandal. It seems that for over twenty years the 16 biggest banks in the world would collude to fix an interest rate that was tied to most of the financial products (loans, etc.) in the world to help out buddies who would bribe them. It also shows how HSBC should be a prominent player in any remake of Scarface. Assistant Attorney General Lanny Breuer is a traitor and should be treated accordingly.
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