Rigged : the incredible true story of the whistleblowers jailed after exposing the rotten Heart of the financial system /
Verity, Andy
Rigged : the incredible true story of the whistleblowers jailed after exposing the rotten Heart of the financial system / Andy Verity. - 348 pages ; 24 cm.
Corruption, collusion and a miscarriage of justice on both sides of the Atlantic, where whistleblowers were wrongly jailed for crimes they didn't commit: this is the shocking true story of the Libor scandal, just not as you knew it. Rigged picks up where The Big Short leaves off, in the autumn of 2007, as the dark clouds of the financial crisis gather. Financial institutions enter a state of panic. For the Big 16 banks, their measure of health is an interest rate measure known as Libor (the London Interbank Offered Rate). The higher the Libor, the worse off the bank - too high and it's goodnight Vienna. Libor is heading skywards. To save themselves from collapse, nationalization and loss of bonuses, banks and financial institutions conspire to rig Libor so it stays artificially low, a criminal practice known as lowballing
9780750998857
Finance
Financial economics.
332.10941 VER
Rigged : the incredible true story of the whistleblowers jailed after exposing the rotten Heart of the financial system / Andy Verity. - 348 pages ; 24 cm.
Corruption, collusion and a miscarriage of justice on both sides of the Atlantic, where whistleblowers were wrongly jailed for crimes they didn't commit: this is the shocking true story of the Libor scandal, just not as you knew it. Rigged picks up where The Big Short leaves off, in the autumn of 2007, as the dark clouds of the financial crisis gather. Financial institutions enter a state of panic. For the Big 16 banks, their measure of health is an interest rate measure known as Libor (the London Interbank Offered Rate). The higher the Libor, the worse off the bank - too high and it's goodnight Vienna. Libor is heading skywards. To save themselves from collapse, nationalization and loss of bonuses, banks and financial institutions conspire to rig Libor so it stays artificially low, a criminal practice known as lowballing
9780750998857
Finance
Financial economics.
332.10941 VER