Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Rigged: The Incredible True Story of the Whistleblowers Jailed After Exposing the Rotten Heart of the Financial System

Rigged: The Incredible True Story of the Whistleblowers Jailed After Exposing the Rotten Heart of the Financial System

Verity, Andy

Hardcover

AccountingGeneral LawTrue Crime

Currently unavailable to order

ISBN10: 0750998857
ISBN13: 9780750998857
Publisher: Flint
Published: Sep 5 2023
Pages: 320
Weight: 1.64
Height: 1.30 Width: 6.46 Depth: 9.47
Language: English

Corruption, collusion and a miscarriage of justice on both sides of the Atlantic, where whistleblowers were wrongly jailed for crimes they didn't commit: this is the shocking true story of the Libor scandal, just not as you knew it.

Rigged picks up where The Big Short leaves off, in the autumn of 2007, as the dark clouds of the financial crisis gather. Financial institutions enter a state of panic. For the Big 16 banks, their measure of health is an interest rate measure known as Libor (the London Interbank Offered Rate). The higher the Libor, the worse off the bank - too high and it's goodnight Vienna. Libor is heading skywards. To save themselves from collapse, nationalization and loss of bonuses, banks and financial institutions conspire to rig Libor so it stays artificially low, a criminal practice known as lowballing. A handful of low-level traders, outraged after being ordered to rig Libor, turn whistleblowers, alerting the Wall Street Journal. When it proves impossible for the investigators to pin the crime on the banks themselves, they turn on the traders. They charge them with rigging interest rates for profit, a crime of which - as Rigged proves - they were innocent.

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