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Masters in Business

David Enrich Discusses the Libor Scandal

Masters in Business

Bloomberg

Entrepreneurship, Investing, Business

4.42.2K Ratings

🗓️ 29 March 2018

⏱️ 71 minutes

🧾️ Download transcript

Summary

David Enrich Discusses the Libor Scandal

Transcript

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0:00.0

If you're looking for a leg up for your business, look no further than North Carolina.

0:04.8

There are many reasons it's been ranked the top state for business.

0:08.2

The evolution of its tax code is just one of them.

0:11.6

Among all states with a corporate tax rate, North Carolina has the lowest, by 2030, it won't

0:17.8

even have one.

0:18.8

Now, that'll make the neighbors jealous.

0:21.3

So if you're all in on better business, it's all in North Carolina.

0:26.8

Visit allinnc.com to learn more.

0:29.9

Meet Sam.

0:31.1

Sam is 30 years old.

0:32.9

Sam may not act the part, but he's a billionaire.

0:35.6

But on December 12, 2022, everything changes for Sam.

0:39.9

And what he calls a screw up, the US government calls one of the largest frauds in history.

0:45.9

From Bloomberg and Wondery comes a new series, Spellcaster, the fall of Sam Bankman Fried.

0:51.8

Listen to Spellcaster on Amazon Music, the iHeartRadio app, or wherever you get your podcasts.

1:01.8

This is Masters in Business with Barry Rittoltz on Bloomberg Radio.

1:09.3

This week on the podcast, I have a special guest.

1:11.9

His name is David Enrich and he is a reporter for the New York Times.

1:16.0

But more importantly, he is the author of The Spider Network, the wild story of a math

1:22.3

genius, a gang of backstabbing bankers, and one of the greatest scams in financial history.

1:30.8

It is all about LIBOR and how that scandal, which is not even a decade old, unfolded.

1:40.1

We are talking about not just millions of dollars, not just billions of dollars, but hundreds

...

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