3 ms·
Wait for the lawsuits. The article says $750 trillion of transactions are indexed to LIBOR each year. The short side of those were cheated out of money. Hence
by crasshopper 14y ago
Wait for the lawsuits.
The article says $750 trillion of transactions are indexed to LIBOR each year. The short side of those were cheated out of money.
Hence "Banking's 'Tobacco Moment'".