Open Secret - The Global Banking Conspiracy That Swindled Investors Out of Billions

Open Secret: The Global Banking Conspiracy That Swindled Investors Out of Billions



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English | 2014 | ISBN: 1591846684 | 304 pages | EPUB | 3.6 MB

“Gaming the LIBOR—that is, fixing the price of money—had become just that: a game. Playing it was the price of admission to a club of men who socialized together, skied in Europe courtesy of brokers and expense accounts, and reaped million-dollar bonuses.”

In the midst of the financial crisis of 2008, rumors swirled that a sinister scandal was brewing deep in the heart of London. Some suspected that behind closed doors, a group of chummy young bankers had been cheating the system through interest rate machinations. But with most eyes focused on the crisis rippling through Wall Street and the rest of the world, the story remained an “open secret” among competitors.