Libor

Now We Know: JPMorgan Chase Is Worse Than Enron
Take a snapshot of any major bank fraud and chances are you'll see JPMorgan Chase staring out at you from the frame. Read more...
Minds are changing on Too Big to Fail. A month ago, it was just something in the air. <strong>Now, it looks like we're headed for a real legislative confrontation. Read more...
I am really excited that the long overdue battle over immigration reform and a path to citizenship has finally begun in earnest. While I am heartsick at the reason, it is good news that common sense gun safety laws are once again being discussed in Read more...
Swiss bank UBS said Wednesday it will pay a $1.5 billion fraud fine for orchestrating the manipulation of benchmark interest rates in the U.S., Europe, and Asia. Last week, British bank HSBC agreed to pay $1.92 billion -- the largest bank Read more...
Rolling Stone’s Matt Taibbi spoke to Democracy Now! on July 19, where he discussed the pattern of systemic corruption by 16 banks accused of rigging a key global interest rate used in contracts worth trillions of dollars. Read more...

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Let's be clear: As far back as 2007, banks were charging you more money on just about everything because they were using a fraudulent Libor rate - and Tim Geithner knew it. His response? To write a memo suggesting ways they should fix it. To Read more...
This is your Moment of Clarity #154: As most of you know, the LIBOR banking scandal is rocking the world. Here's the quickest and easiest explanation you'll find anywhere. And only three minutes long! Keep Fighting, -Lee Read more...
More on the Libor scandal, this time from Robert Reich, who explains what it really means for American investors. He says the time to scream for more bank reform is now: There are really two different Libor scandals. One has to do with a Read more...
"The mob learned from Wall Street," comments Eliot Spitzer on the "cartel-style corruption" behind the Libor scam. On Current TV's "Viewpoint" recently, host Eliot Spitzer, Matt Taibbi, Rolling Stone contributing editor, and Read more...
Matt Taibbi explains why we should care about Libor while speaking to Occupy's National Gathering in Philadelphia this week. It seems quite likely that an abnormally high Libor was used to squeeze more cash out of the ARM subprime mortgage Read more...