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Scandal of Libor and Euribor
The Libor and Eurbor scandal is a series of fraudulent actions to LIBOR and
EURIBOR. The scandal arose when it was dicovered thats banks were falsely
inflating or deflating their rates so as to profit from trades. Libor and
Euribor are the world’s most important benchmark interest rate, directly
affecting nearly $600 trillion worth of global financial securities. If you have a car loan, mortgage, credit card, or student loan, Libor
and Euribor affects you. This video explain the scandal.