Re:The brazenness of the LIBOR scam
by ajb on Tuesday February 20, 2018 @06:18AM
(#16419486)
Maybe I'm misreading your comment, but what was the third?
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| on HN ]
1. Banks colluding to fix Libor
2. Swap traders influencing their own banks Libor.
3. Banks fixing their Libor contribution to mis-represent the health of their business (possibly egged on by a government that doesn't want banks to fail)
There's a book written about this entire subject which just came out late last year: The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History.
It was well written and very interesting if folks are more interested in the folks involved and how all of this went down and their personalities etc.