To the Point
The LIBOR financial scandal gets the crime thriller treatment
LIBOR stands for the London Interbank Offered Rate -- about as boring as any phrase could possibly sound, but it turns out that the LIBOR is often called "the world's most important number." It's the global benchmark used to price credit card debt, variable rate mortgages and virtually everything else in the world of finance.
By Warren Olney • • 1 min readLIBOR stands for the London Interbank Offered Rate -- about as boring as any phrase could possibly sound, but it turns out that the LIBOR is often called "the world's most important number." It's the global benchmark used to price credit card debt, variable rate mortgages and virtually everything else in the world of finance. It's the unlikely subject of a book by David Enrich, The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History.
Warren Olney
former KCRW broadcaster
Andrea Brody
Senior Producer, KCRW's Life Examined and To the Point podcast
Katie Cooper
Producer, 'One year Later'
Evan George
Director of Content, News
David Enrich
investigative editor for the New York Times and the author of Murder the Truth: Fear, the First Amendment, and a Secret Campaign to Protect the Powerful