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9:38
YouTube
Blueprint POV
The LIBOR Scandal: $200 Billion Fraud Explained
Every morning a number was calculated that controlled your mortgage, your loans, your savings. For 9 years, the world's biggest banks were secretly rigging it. LIBOR — the London Interbank Offered Rate — underpinned $350 trillion in financial contracts worldwide. It quietly determined what you paid on your mortgage, your student loan, your ...
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