Episode 190: Eurodollar, SOFR & the Origins of the Libor Scandal
Grubstakers
English - September 11, 2020 20:19 - 1 hour - 49.5 MB - ★★★★ - 410 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Join us as we get into the weeds of Eurodollars, the Libor rigging scandal during the 2008-9 financial crisis, and the Libor replacement known as SOFR (the "secured overnight financing rate"). SOFR is supposed to be safe against manipulation that happened to Libor; but is it? We'll look at the mechanics of how Wall Street and London City bankers could still ruin wholesale credit for everyone, again, on Grubstakers
CIA Paper on Soviet banks in the west in 1969:
https://www.cia.gov/library/readingroom/docs/DOC_0000233857.pdf?fbclid=IwAR2GIP9__UuFi0eMddht7_xl83cplWQoW9oMspKNc7tD57WuzXNEvPkPhu8