Open Secret: The Global Banking Conspiracy That Swindled Investors Out of Billions (by Erin Arvedlund)


Author(s): Erin Arvedlund

Publisher: Portfolio
Publish date: 2014-09-25
ISBN-10: 1591846684
ISBN-13: 9781591846680
Language: English
Description: “Gaming the LIBOR—that is, fixing the price of money—had become
just that: a game. Playing it was the price of admission to a club
of men who socialized together, skied in Europe courtesy of brokers
and expense accounts, and reaped million-dollar bonuses.”
In the midst of the financial crisis of 2008, rumors swirled that a
sinister scandal was brewing deep in the heart of London. Some
suspected that behind closed doors, a group of chummy young bankers
had been cheating the system through interest rate machinations.
But with most eyes focused on the crisis rippling through Wall
Street and the rest of the world, the story remained an… more…

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