Tim Geithner “Aided and Abetted” LIBOR Crimes: Jim Rickards

Rickards on the LIBOR scandal, Geithner and Fed. If $500 trillion of swaps are based on LIBOR and the rate was manipulated by 10 basis points over five years, that’s $2.5 trillion of fraudulent transactions — more than the combined capital of the nation’s five largest banks, Rickards explains. “Congress may have to step in to limit the damages because it would threaten the banking system.”

Full video below.

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