Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
IPOR Labs Profile picture
IPOR Labs
@ipor_io
IPOR Fusion ⚛️ | A unified liquidity framework for intelligent on-chain asset management. 🔸 https://t.co/cYZf0gB54Q
Oct 6, 2022 • 11 tweets • 8 min read
"The most important number in #finance", the London Interbank Offered Rate (#LIBOR), died a shameful death at the age of 52.

The interest rate benchmark underpinned more than $300 trillion in financial contracts before being marred in a scandal that lasted ~ a decade.

A short🧵 Image 2/ The scandal came into the limelight in 2008 but there is evidence that collusion between banks was going on since 2003.

🤥 “We know that we’re not posting, um, an honest” rate, a Barclays employee told a New York Fed official in April 2018.

How was it done?