April 26, 2013

Everything Is Rigged: The Biggest Price-Fixing Scandal Ever | Common Dreams

Everything Is Rigged: The Biggest Price-Fixing Scandal Ever | Common Dreams
"Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget."