Breaking the Bankers Part 2: LIBOR

[Transcript follows] When people angrily shout about the finance industry; “It’s not real! They’re just moving numbers around on paper!” Probably the best example that comes to mind is the derivatives market. Warren Buffet famously called them “a financial weapon of mass destruction”, and a bunch of angry autistic men in suits use them to … Continue reading Breaking the Bankers Part 2: LIBOR