Tag: Libor scandal

The Dark Heart of the Libor Scandal

By Mark Vorpahl Though, for most, the London Interbank Offer Rate (Libor) interest rate fixing scandal appears distant and far too complex to understand, its potential consequences may be as economically devastating as a world war. Accountingdegree.net has created a fantastic infographic explaining the gist of the scandal. The Libor is used to set payments…

#Occupied: Reports From the Front Lines

This story is from the Occupied News Wire.  It originally appeared in the Occupied Wall Street Journal. YOUR WEEKLY ROUNDUP OF OCCUPY MOVEMENT NEWS By Jennifer Sacks This week in Occupy, the National Gathering culminated in a gathering at Independence Mall, TPP was exposed as the latest NAFTA/SOPA nightmare, a Romney fundraiser hosted by David Koch was…