LIBOR-Scandal: Biggest Insider Trading You Could Ever Imagine (VIDEO)

LIBOR-scandal is about manipulating DERIVATIVES MARKETS!!

 ..but they don't want to tell this to people, so they mainly talk about the scam involving loan interests.

The global financial crises is caused by corruption in banking and derivatives markets, and by corruption in world politics.

LIBOR-scandal involved the manipulation of interest rates, such as LIBOR and EURIBOR etc., to manipulate manipulating loan interests but mainly to manipulate derivatives markets tied to these rates.

When rate such as LIBOR was made artificially too high, derivatives tied to that rate lost value, and when they manipulated the rate too low, the derivatives rose in value.

---When prices were manipulated lower, they made a buy. When manipulated high they sold.---

Derivatives tied to these manipulated rates amount to hundreds of trillions of dollars, so it is easy to understand that you can scam billions and billions of dollars from these markets by manipulating their value via manipulating interest rates.

Other derivatives scams involved world's major banks overpricing their derivatives , sold them to customers knowing the papers were garbage, and then even bet against those derivatives on the markets to benefit from this even more.

Goldman Sachs Abacus-scandal is one of these, JP Morgan was involved selling overpriced bonds to Greek funds, but many more MEGA-banks were also involved in such crimes; Deutsche Bank, Citigroup and so on..