Tag: BBA

LIBOR: Viewing The Biggest Financial Crime in History: California The Epicenter!

A View From the Biggest Municipal Debt Market, California by DARWIN BOND-GRAHAM It’s been five years since a few academics and journalists began to dig up evidence that something was wrong with the London Inter-Bank Offered Rate, or LIBOR (pronounced appropriately as “lie-bore.”) The data that curious researchers were compiling couldn’t be explained using the prevailing definition of what…