Subscribe: RSS Feed | Twitter | Facebook | Email
Home | Contact Us

Posts Tagged ‘Libor scam’

Libor Scam/Tom Hayes: Goes Much Higher Than Me

Posted by Larry Doyle on February 8th, 2013 9:04 AM |

I have long maintained that senior executives on Wall Street were very much aware of the collusive racketeering in the Libor rigging scandal. Why so? When a trader ‘makes it rain,’ that is, he is connected to a P/L that generates hundreds of millions of dollars, you better believe that the execs up the chain of command will want to know how the money is being made.

To think otherwise would display a level of naivete not found in these markets.

What evidence do we learn this morning that supports my premise that senior execs on Wall Street were aware that Libor was being manipulated? Let’s navigate as the WSJ writes about the “Rain-Man” >>>>>>>> (more…)






Recent Posts


ECONOMIC ALL-STARS


Archives