LONDON — The e-mails sound casual: Dude reaching out to dude, begging for favors and offering rewards ranging from coffee to fine champagne.But what the bankers were allegedly doing was as serious as it gets: fixing an interest rate that affects the cost of half a quadrillion dollars — that’s $554 trillion — in financial contracts around the world, from mortgages to loans.
Saturday, June 30, 2012
Dude! Casual sounding bankers’ e-mails tell chilling story of financial misdeeds
LONDON — The e-mails sound casual: Dude reaching out to dude, begging for favors and offering rewards ranging from coffee to fine champagne.But what the bankers were allegedly doing was as serious as it gets: fixing an interest rate that affects the cost of half a quadrillion dollars — that’s $554 trillion — in financial contracts around the world, from mortgages to loans.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment