Ep.23 |The Great Global Banking Scandal - with Andy Verity

The global financial system almost collapsed in 2008. Afterwards there was understandable anger at the behaviour of major private and national banks. A series of investigations resulted in many traders going to prison as a result of the alleged manipulation of the key interbank LIBOR rate.But were the right people punished? Award winning reporter Andy Verity thinks not and in his book RIGGED he makes a powerful case that ‘fall guys’ were set up and persecuted for crimes they never even committed - in fact for crimes that didn’t even exist. And that some of the people prosecuted were the whistle blowers who had first tried to alert the outside world to what was happening to the LIBOR rate.Meanwhile - he alleges - much more senior figures in banking and politics who gave instructions to ‘rig’ the system and help drive the global economy to the brink have never been held to account.You can buy’s Andy’s book - and thousands of others - in our new Scandal Mongers online bookstore. All profits shared between independent booksellers and podcasters like us. https://uk.bookshop.org/shop/scandalmongersAndrew Lownietwitter.com/andrewlowniePhil Craigtwitter.com/philmcraigYou can get in touch with the show hosts [email protected] (place 'Scandal Mongers' in the heading please)This show is part of the PodcastWorld.org network. For your own show please get in contact via the email address above.Production byTheo XKerem Isik Hosted on Acast. See acast.com/privacy for more information.