Matt Taibbi on Libor, Cartel-Style Finance

Matt Taibbi on Libor, Cartel-Style Finance & How Failure to Fix Wall St. Has Propelled Trump's Rise







In financial news, British banking giant Barclays Bank has agreed to pay $100 million in a settlement with 44 U.S. states for rigging Libor, the interest rate which underpins trillions in global transactions. British and U.S. authorities have taken action against a number of banks over alleged rate manipulation since 2012. This was the first settlement between a bank and U.S. states. For more, we speak with Rolling Stone journalist Matt Taibbi, who has closely covered the Libor scandal.






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