Shocking New Evidence Suggests LIBOR Interest Rate Scandal Goes All The Way To The Top | Andy Verity скачать в хорошем качестве

Shocking New Evidence Suggests LIBOR Interest Rate Scandal Goes All The Way To The Top | Andy Verity

Andy Verity, Economics Correspondent for BBC News, joins Forward Guidance to discuss revelations from his new book, “Rigged: The Incredible True Story Of The Whistleblowers Jailed After Exposing The Rotten Heart Of The Financial System.” Verity argues that the traders who were convicted of rigging the London Interbank Offered Rate (LIBOR) are mere scapegoats, and that the real “rigging” was on a scale much larger and was encouraged by central bankers and bank CEOs. This interview features four recordings with former Barclays employee Peter Johnson, which show Johnson raising the alarm bell that nearly every bank was vastly underreporting their true cost of borrowing in the London Eurodollar market. Despite this, Johnson was later accused and convicted of conspiracy to defraud. These recordings are only a tiny fraction of the enormous amount of evidence Verity has collected, which can be found in his book as well as online in several links which will be shared below. Filmed on January 5, 2024. __ Public dot com has just launched its new high-yield cash account, offering an industry-leading 5.1% APY. Learn more at https://public.com/forwardguidance. A High-Yield Cash Account is a secondary brokerage account with Public Investing. Funds from this account are automatically deposited into partner banks where they earn a variable interest and are eligible for FDIC insurance. Neither Public Investing nor any of its affiliates is a bank. US only. Learn more at https://public.com/disclosures/high-y... __ Follow Andy Verity on Twitter   / andyverity   Andy Verity’s book: https://www.amazon.com/Rigged-Incredi... Rigged, You Be The Judge: https://andyverity.substack.com/p/rig... Andy Verity’s recordings on SoundCloud:   / andy-verity-74636470   Andy's NEW Post (January 16, 2024), What the FBI + Gary Gensler's CFTC knew about interest rate manipulation ordered from the top - but didn't tell Congress or the public": https://andyverity.substack.com/p/wha... The Lowball Tapes: https://www.bbc.co.uk/programmes/m001... BBC News Panorama Program:    • Libor: Bank of England implicated in ...   Follow Jack Farley on Twitter   / jackfarley96   Follow Forward Guidance on Twitter   / forwardguidance   Follow Blockworks on Twitter   / blockworks_   __ Use code FG10 to get 10% off Blockworks’ Digital Asset Summit in March: https://blockworks.co/event/digital-a... __ Timestamps: 00:00 Introduction 03:37 What is LIBOR (London Interbank Offered Rate)? 10:09 The Price Of No Apples 12:07 The Evidence (Taped Phone Calls) 23:22 Traders' Requests Were Punished Whereas "Lowballing" Was Not 37:08 Higher-ups' Involvement: Bank of England, BBA, Federal Reserve, U.K. Government 41:28 Gary Gensler's Role In Alleged Cover-Up 45:30 Peter Johnson, One Of The Very Few Who Cared That LIBOR Was Fraudulent, Was Sent To Jail 52:11 Lowballing Never Came To Court 55:03 The Fall of LIBOR, The Rise of SOFR (Secured Overnight Financing Rate) 01:01:19 The LIBOR Trials In The Wake Of The Great Financial Crisis 01:17:59 Where The LIBOR Case Stands In 2024 01:26:15 The Future of Eurodollars And London In A LIBOR-Less World 01:29:25 Concluding Thoughts __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.