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092    332.10941|bVER 
100 1  Verity, Andy,|eauthor. 
245 10 Rigged :|bthe incredible true story of the whistleblowers 
       jailed for exposing the rotten heart of the financial 
       system /|cAndy Verity. 
264  1 Cheltenham, Gloucestershire :|bFlint,|c2023. 
264  4 |c©2023 
300    348 pages ;|c24 cm 
336    text|btxt|2rdacontent 
337    unmediated|bn|2rdamedia 
338    volume|bnc|2rdacarrier 
504    Includes bibliographical references and index. 
520    Rigged exposes a cover-up at the highest level on both 
       sides of the Atlantic, upending the official story of the 
       biggest scandal since the global financial crisis. It 
       picks up where The Big Short leaves off, as the dark 
       clouds of the financial crisis gather. Banks' health is 
       judged by an interest rate called Libor (the London 
       Interbank Offered Rate). The higher the Libor, the worse 
       off the bank; too high and it's goodnight Vienna. Libor is
       heading skywards. To save themselves from collapse, 
       nationalization and loss of bonuses, banks instruct 
       traders to manipulate Libor down - a criminal practice 
       known as lowballing. Outraged, traders turn whistleblowers,
       alerting the authorities. As Rigged reveals, their 
       instructions come first from top bosses - then from 
       central banks and governments. But when the scandal 
       explodes into the news, prosecutors allow banks to cover 
       up the evidence pointing to the top. Instead, they accuse 
       37 traders of another kind of interest rate 'rigging' that
       no-one had seen as a crime. In nine trials from 2015 to 
       2019, nineteen are convicted and sentenced. Rigged 
       exclusively shows why all the defendants are innocent, and
       how any real culprits go unpunished. How could this 
       happen? Turns out, it's not just the market that's rigged.
       It's the entire system. 
650  0 Banks and banking|xCorrupt practices|xHistory|y21st 
       century. 
650  0 Banks and banking|zGreat Britain|xHistory|y21st century. 
650  0 Whistle blowers|zGreat Britain|xHistory|y21st century. 
650  0 Global Financial Crisis, 2008-2009. 
650  0 LIBOR market model.