Understanding Libor

Rain's picture

Published on Jul 23, 2012 by MoneyTalksNews

The LIBOR scandal is so large it makes Bernie Madoff look like a shoplifter. And it could be affecting you.




Lawyers to the Rescue!

Listener's picture

Any attempts to sweep this under the carpet by the press/congress/blackhats will fail thanks to the fact that every one of the 700 trillion dollars worth of contracts that this sham affected is now skewed.  Since it has proven there was fraud, each contract can be thrown out.  The immense pile of lawsuits will spurn our lazy court system to throw the hot potato right back up the chain of command and YES!  "Heads will Roll."

If you yourself have anything that says: "adjustable rate..." contact a Lawyer today!