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The Libor scandal ripped off just about every person who held any kind of debt. And yet it's STILL barely known. When I got my mortgage I asked my banker agent
by RocketOne 5y ago
The Libor scandal ripped off just about every person who held any kind of debt. And yet it's STILL barely known. When I got my mortgage I asked my banker agent what she thought about it. She had no clue what Libor was, let alone the scandal.
- lmm 5y agoThe scandal mostly meant that mortgage rates were lower than they should have been, so it's hard to get regular people angry about it.
- aidenn0 5y agoI don't know where you are, but at least in the US, the banks that make the loans don't hold the debt; they sell it off almost immediately.
- Dylan16807 5y agoDid it? Wasn't the scandal part about manipulating it up or down very slightly on a per-day basis? Shouldn't that have basically no effect on a normal person?