Interest Rate Rigging By Big Banks May Have Cost U.S. Taxpayers Billions Of Dollars

Interest Rate Rigging By Big Banks May Have Cost U.S. Taxpayers Billions Of Dollars: UBS and Barclays have both been fined more than $1 billion by regulators for manipulating the LIBOR interest rate, a key global benchmark. UBS bankers were caught in emails bragging about the “fu*king humongous deals” they were arranging by gaming LIBOR. LIBOR rigging could have affected Americans of all stripes, sucking funds from the cities [...]/p