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Your bank interest rate manipulated by #Libor cheating $550tn ...spitzer talking current.tv

Has anyone ever taken out a loan and asked that their debt be tied to whatever the bank felt like? We don't think so! Current's own "Sheriff of Wall Street," Eliot Spitzer, took the lead on calling out the credit market's dirty little Libor secret, even when the mainstream media, curiously, did not. Spitzer's criticism of the financial regulators and bankers who illegally manipulated the London Interbank Offered Rate to cheat the public on over $550 trillion worth of interest rates was noted by The Washington Post. Spitzer's conclusion? "The Fed's performance as a regulator is highly suspect, and it has to be investigated by someone who is at arm's length from it." http://current.com/libor/

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794 days ago

Your bank interest rate manipulated by #Libor cheating $550tn ...spitzer talking current.tv

Has anyone ever taken out a loan and asked that their debt be tied to whatever the bank felt like? We don't think so! Current's own "Sheriff of Wall Street," Eliot Spitzer, took the lead on calling out the credit market's dirty little Libor secret, even when the mainstream media, curiously, did not. Spitzer's criticism of the financial regulators and bankers who illegally manipulated the London Interbank Offered Rate to cheat the public on over $550 trillion worth of interest rates was noted by The Washington Post. Spitzer's conclusion? "The Fed's performance as a regulator is highly suspect, and it has to be investigated by someone who is at arm's length from it." http://current.com/libor/

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