About this item

“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 “open secret” among competitors.Soon enough, the scandal became public and dozens of bankers and their bosses were caught red-handed.



About the Author

Erin Arvedlund

She is married and lives in Philadelphia, PA, with her husband, an attorney, and their two tabby cats, Fenster and McManus.



Read Next Recommendation

Report incorrect product information.