Earlier this summer the British bank Barclays grabbed headlines due to the company's alleged manipulation of interest rates. The bank was fined $450 million for reporting false Libor rates.
And the Libor scandal hasn't gone away — it's only getting bigger.
New York State attorney general Eric Schneiderman has subpoenaed several of the world's leading banks, including Barclays, for possible manipulation of interest rates. Connecticut's attorney general has also joined the investigation.
Former New York attorney general and governor Eliot Spitzer knows a thing or two about taking on banks: he sued several Wall Street investment banks while in office. He joins the show to discuss this new investigation.