Showing posts with label Libor Damages Could Destroy the Banking System. Show all posts
Showing posts with label Libor Damages Could Destroy the Banking System. Show all posts

Libor Damages Could Destroy the Banking System


Investment banker and Wall Street insider James Rickards says the Libor rate rigging scandal "is the greatest fraud and greatest potential liability in history." He thinks rate rigging banks could be on the hook for "$2.5 trillion," and "The potential damages could destroy the banking system."

- Source: http://usawatchdog.com/