Matt Taibbi on the Biggest Wall Street Scandal of 2012Submitted by GBAmerica on Fri, 01/25/2013 - 15:44
Matt Taibbi on the Biggest Wall Street Scandal of 2012
Rolling Stone's Matt Taibbi has skewered his fair share of financial faux pas and corporate bigwigs throughout 2012. Yet his prize for the Biggest Wall Street Story of the Year goes to the massive—but little understood—Libor scandal.
“If it’s true that the 16 biggest banks in the world were fixing global interest rates, then it’s hard not to argue that that’s not the biggest financial corruption case in history,” Taibbi says in a web exclusive for Current TV. “I fully expect that we’ll find out in the end that American banks were involved in this scandal.” (Watch video below)