WARNING: May contain opinions
I have read so many articles about this scandal and still have no idea where it originated. I am going to assemble as much information that I can in a concise list to help me visualize this massive criminal conspiracy of fraud. The insider trading based on these fixed interest rates alone will be a pandora's box unto itself.
The original LIBOR rate fixing emails...
June 29th 2012) Revealed: Tory donors' links to the Libor scandal Hedge fund bosses who have given thousands of pounds to the Conservatives are implicated in rigging markets, according to court documents.
(July 7th 2012) The rotten heart of finance
(July 13th 2012) This Is The Email That Timothy Geithner Sent To The Bank Of England About LIBOR Manipulation In 2008
(July 17th? 2012) Libor fraud exposes Wall Street’s rotten core
The British financial giant Barclays has admitted to manipulating the rate from 2005 to at least 2009.
(July 19th 2012) Matt Taibbi: Libor Rate-Fixing Scandal "Biggest Insider Trading You Could Ever Imagine"
(July 22nd 2012) Exclusive: Prosecutors, regulators close to making Libor arrests
WOW. " In long-running financial investigations it is not uncommon for prosecutors to contact defense lawyers before filing charges to offer suspects a chance to cooperate or take a plea, these lawyers said." Yea we know you were involved in the most fundamental fraud in financial history BUT we're willing to work a deal with ya.
(July 27th 2012) N.Y. Fed silent on Barclays’ admission of rigging Libor
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