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The LIBOR Scandal 101: What Is It & Why You Should Care?

The LIBOR scandal has been bubbling for weeks. And while it has yet to be on the front page of every paper in the country, the LIBOR scandal may have impact your bank and may be another mark on Treasury Secretary Tim Geithner’s record. So, What is the LIBOR scandal? How has it impacted you and your money? And what — if anything — is “Tiny Tim” hiding? FOX BUSINESS Director of Business News Ray Hennessey say down with Tom to shed light on this growing controversy:

Audio clip:

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