Overview

Open Secret tells the story of how a handful of London and Wall Street traders and top commercial and Central Bankers helped create and perpetuate a deceptive interest-rate swindle that cost $1 trillion. Arvedlund argues that for over a decade, the Bank of England and the British Banking Association secretly worked together to set the London Interbank Offered Rate, known as Libor. Open Secret weaves a chronological narrative that binds together the history of Libor with an examination of all of the colourful characters involved, as well as an exploration of the damage the Libor scandal has caused to banks and ordinary people.

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9780670923854

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"Erin Arvedlund is the acclaimed author of Madoff. She writes the ""Your Money"" column in the Philadelphia Inquirer and was previously a reporter for the New York Times, the Wall Street Journal, and Barron's. She lives in Philadelphia with her husband."

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