LIBOR Rate Fixing Scandal Prompts Calls For Financial Reform in US
This radio interview originally appeared on the Free Speech Radio News website.
Today, members of Congress questioned Federal Reserve Chair Ben Bernanke on what US officials knew about interest rate manipulation by some of the biggest global financial institutions. Revelations about years of the practice by the UK-based Barclays and possibly other banks have sparked calls for criminal prosecution and sweeping financial sector reform. Financial reform advocates say it’s long past time to stop relying on banks to regulate themselves. On Capitol Hill, FSRN’s Alice Ollstein has more.
Free Speech Radio News, July 18 on FSRN
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