Saturday, October 13, 2012

LIBOR Could Destroy the Banking System


"Investment banker and Wall Street insider James Rickards says the Libor rate rigging scandal "is the greatest fraud and greatest potential liability in history." He thinks rate rigging banks could be on the hook for "$2.5 trillion," and "The potential damages could destroy the banking system." Join Greg Hunter of USAWatchdog.com as he goes One-on-One with James Rickards."

- Source: USAWatchdog.com:

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