Sunday, July 22, 2012

Jon Stewart explains the LIBOR Scandal

Great segment from Jon Stewart of the Daily Show in giving a brief explanation of the LIBOR scandal.

If you are in the United States, the clip is available here.

As faithful readers will recall we originally raised this topic back on July 8th

Stewart offers a comical, but relevant examination of the topic and why it's important.


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  1. Sunday morning libor ;)

    Worth a chuckle.

    Libor arrest imminent

    "U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rate-rigging scandal."

    Fairy tales can come true.

  2. Does this mean Garth Turner was wrong in labelling those who suggested markets are manipulated, as "tin foil hat conspiracy theorists"? Does any one believe he will admit to being wrong?

  3. ^ makes you wonder if he might be wrong on gold too.