Eliot Spitzer on State Attorneys General Libor Investigations

Thursday, August 23, 2012

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.


Eliot Spitzer

Produced by:

Elizabeth Ross

Comments [2]

Larry Fisher from Brooklyn, N.Y.

Irregularities will be found... no one will be arrested. Banks will hand over money and business will go on as usual...

Regulations and a new start must be achieved in order for any trust to be achieved... Maybe we don't need or really want trust. I don't know why

Aug. 23 2012 09:44 PM

I think that the Barclays bankers were prostituting the system. Effectively turning the LIBOR rate into a kind of a financial whore for their personal pleasure.
Glad that Elliott Spitzer could step into the fray, on the side of decency and morality.
His outspokenness makes me think he could be a great Governor for the state of New York.

Aug. 23 2012 11:02 AM

Leave a Comment

Email addresses are required but never displayed.