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British Rate-Fixing Scandal Takes 'Mind-Blowing' Turn

Matt Taibbi: Libor scandal goes 'down the rabbit hole' of banking

By Mark Russell,  Newser Staff

Posted Jul 5, 2012 4:52 AM CDT | Updated Jul 5, 2012 7:53 AM CDT

(Newser) – The scandal over rigged Libor rates, the benchmark rate used for interest rates on trillions of dollars worth of loans, is quickly growing past Barclays and threatens to engulf the Bank of England and a dozen other banks, including several in the US, reports the...   Read full story »

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