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.
Re: The LIBOR Scandal Explained in One Simple Infographic
This article is as every bit confusing as the word LIBOR when i first saw it on the title.
And He gives you of all that you ask Him; and if you count Allah's favors, you will not be able to number them; most surely man is very unjust, very ungrateful.
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