PDA

View Full Version : The LIBOR Scandal Explained in One Simple Infographic



جوري
07-12-2012, 02:29 AM
150 4793594353615





The LIBOR scandal is being called the "Wall Street scandal of all scandals" and the "rotten heart of finance," but the massive fraud can be hard to fathom for anyone who doesn't follow the markets.

The London Interbank Offered Rate (LIBOR) is a benchmark interest rate used broadly all over the world and affects trillions of dollars of loans -- mortgage loans, small-business loans, personal loans -- worldwide.

This nifty infographic from AccountingDegree.net gives non-finance folk an idea of the scope of the scandal.



http://www.dailyfinance.com/2012/07/...6pLid%3D177643
Reply

Login/Register to hide ads. Scroll down for more posts
dysphoricrocker
07-12-2012, 03:28 AM
This article is as every bit confusing as the word LIBOR when i first saw it on the title.
Reply

Hey there! Looks like you're enjoying the discussion, but you're not signed up for an account.

When you create an account, you can participate in the discussions and share your thoughts. You also get notifications, here and via email, whenever new posts are made. And you can like posts and make new friends.
Sign Up

IslamicBoard

Experience a richer experience on our mobile app!