Tragic Farce

There’s a huge scandal going on in the banking world that most people (myself included) are probably having difficulty really grasping. You’ve probably seen the word LIBOR and the names Barclays and Bob Diamond in financial news headlines, but you would be forgiven if you didn’t take the time to wrap your mind around what those stories are about. Eliot Spitzer, former NY governor and current Current TV host, with guests Matt Taibbi of Rolling Stone and Dennis Kelleher, a former K Street lawyer now working to reform the banking system, lays out the scandal a little more clearly in this brief clip.

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