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LE POINT*, Understanding Liborgate – Friday, July 20th, 2012
Paul Jorion worked from 1998 to 2007 in the American banking sphere as a pricing specialist. Here he sets out his vision of ‘Liborgate’ which is currently shaking British banks.
Le Point.fr : What is the LIBOR rate and what is it used for?
Paul Jorion :…
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LIBÉRATION, “Plundering and looting must be punished”
Plundering and looting must be punished?
For the economist and anthropologist Paul Jorion, the financial system needs regulating.
The LIBOR scandal took place in 2008 against a backdrop of almost total indifference. This time there has been a huge outcry. Why?
It is a situation specific to Great-Britain. It…
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ATLANTICO.fr, The LIBOR scandal : are bankers totally untrustworthy?
The LIBOR scandal : are bankers totally untrustworthy??
Translated from the French by Tim Gupwell
Can a banker be trusted? This is indeed the question one is obliged to ask in the light of the “LIBOR affair” which broke in April 2008 and saw a dramatic turn…
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LE MONDE-ÉCONOMIE, The LIBOR affair…… a scandal postponed from 2008, Monday 16 – Tuesday 17 July 2012
My most recent column in the French daily paper Le Monde : Le scandale du Libor, c’était en 2008. Translated from the French by Tim Gupwell.
When the LIBOR affair first broke in April 2008, the press comments were laconic to say the least. Last month, when the fire that had been smouldering flared…
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THE MANIPULATION OF THE LIBOR
Translated from the French by Tim Gupwell
In my Friday morning video (in French), I said that when a pirate (Rupert Murdoch) does business with a ship wrecker (the City of London), it tends to weaken the entire system, and I went on to add that this is particularly the case when…