Relevant:
- Mark Gongloff: Tim Geithner Admits Banks Bailed Out With Rigged Libor, Costing Taxpayers Huge Amount
- Mark Gongloff: Tim Geithner Admits Banks Bailed Out With Rigged Libor, Costing Taxpayers Huge Amount
- Geithner doubts Libor manipulation cost taxpayers bailout money
- Timothy Geithner's Handling Of Libor Scandal Draws Criticism From Senators Mark Kirk And Charles Grassley
- Mark Gongloff: TV News Is Not Aware Of This Libor Scandal Of Which You Speak
Mark Gongloff: Tim Geithner Admits Banks Bailed Out With Rigged Libor, Costing Taxpayers Huge Amount
2012-07-27 — huffingtonpost.com
Timothy Geithner claimed on Wednesday that the government had no choice during the financial crisis but to lend to banks and AIG using an interest rate, Libor, that everybody knew was flawed.
Call it a back-door bailout: By using an artificially low Libor, the government saved the banks and AIG millions, maybe billions -- and cost the taxpayers the
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