Jon Stewart On Libor Manipulation
Dec 1, 2012 at 12:25 PM
DailyBail in bank fraud, barclays, comedy, comedy, comedy video, daily show video, jon stewart, jon stewart, libor, video

For anyone who missed this the first time around.

Is this real or a Dickens novel?

Part 1 - Banks submit false data to manipulate the Libor interest rate, either for the good of the entire economy and all of mankind, or possibly to just benefit themselves.

---

Part 2 - Banking titans Rich Ricci and Bob Diamond are implicated in the Libor financial scandal, but an eighth-generation Hoare remains innocent of the rampant rate rigging.

"Oh right. The public sector pensions are underfunded in part because the bonds they own are paying too low a yield thanks to 16 bespoke suited turd-monkeys in London."

 

Article originally appeared on The Daily Bail (http://dailybail.com/).
See website for complete article licensing information.