Do Banking Scandals Bore You?
Perhaps you should be watching ABC and NBC news, both of which gave no airtime to the LIBOR scandal between 6/27 and 7/28, according to this report from Media Matters. That is over a month. (During the same period, CNN spent like, 26 minutes on it.) You can say A LOT about fake news anchor Will McAvoy, but he would have let fake economist Sloan Sabbith talk about LIBOR on the news, no DOUBT (okay, slight doubt). (If you have been relying on ABC and NBC for your massive banking scandal coverage, catch up.)
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Previously on The Billfold
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I work in a federal institution that regularly researches and uses LIBOR rates, and I wish more people understood what a big deal this is! (Not that I blame anyone. I wouldn’t if I didn’t work where I do.)