LIBOR Scandal Heads to Court

After 7 years of preparation, the UK courts are bringing individuals to trial as the LIBOR Scandal heads to court. 

SUSPICIOUS DEATHS & SUICIDES

You may recall during 4Q13 and  1Q14 when 12 bankers  committed suicide.  The stories are as varied as the are sordid.  The media linked as many as 48 suicides to the LIBOR Scandal on some level during that six month period.  Instead of redacting, I’ve provided links for those interested in reading about these seemingly pre-indictment events.  I mean, I can only hazard a guess but I’ve never been THAT unhappy at a bank.

You can read Zerohedge’s article, published on March 25, 2014 here.  As well as the more sinister read on the 48 bankers whose involvement may have been unrelated, here .  Just to round it out, I offer you the DailyMails take on the 11 finance suicide of a young man only 28 years young, here

THE LIBOR TRIALS

For those not able to follow the trials during the day, well media – as always, our best kin – has done some of the work for us.

This timeline published by the New York Time will give you a broad sense of how things developed. You can read the New York Times timeline here. 

The Financial Times has done a terrific job of covering the trials.  Home turf perhaps, but you can read two of the better articles at FT.  The first, “In depth coverage of LIBOR Scandal” is here; and a more recent FT article on the trial you can read here. 

WHAT LIES BENEATH

The  “from-the-desk” view are three Videos on LIBOR and the scandal.  MHDS MEMBERS can access these video’s for FREE.

Not a member yet??  Not a problem: On the MENU bar,  Click on Videos  >  LIBOR Scandal > and the sign up sheet will pop up.  Give the auto-subscriber a moment and you will be able to access the videos.

BT dub:  If you viewed these videos before, the production value has improved tremendously.  I just re-posted the videos tonight.  Let me know how they look and sound on your browsers.  Thanks.

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