WAMU 88.5 : The Diane Rehm Show

The Global Banking Scandal

The deputy governor of the Bank of England Paul Tucker goes before the British Parliament today as part of a widening probe into bank manipulation of a key interest rate. He will be quizzed about whether banks were encouraged to lie about the LIBOR during the 2008 financial crisis. LIBOR is the acronym for London interbank overnight rate, used to set interest rates for trillions of dollars of contracts worldwide. The scandal has already cost Barclays Bank its top three officials. As part of a $450 million dollar settlement with U.S. and U.K. regulators, the British banking giant admitted to rigging the LIBOR as early as 2005. The probe has widened to most global banks. Joining Diane to discuss the fallout are University of Maryland School of Law professor Michael Greenberger, chairman of the Commodity Futures Trading Commission Gary Gensler, Francesco Guerrera of The Wall Street Journal and Andrew Palmer of The Economist.

NPR

In Iran, A Poet's 700-Year-Old Verses Still Set Hearts Aflame

The 14th century Persian poet Hafez remains venerated in Iran, even though he wrote of wine, romance and other topics not necessarily welcome in today's Islamic Republic.
NPR

Buy Crop Insurance, Double Your Money

The nation's crop insurance program is really a lottery, says one economist. And it's rigged so that farmers win. In fact, farmers typically get back double the money they pay for premiums.
WAMU 88.5

The Politics Hour - February 12, 2016

D.C. Council Member Yvette Alexander (D-Ward 7) joins Kojo and Tom Sherwood to chat about her upcoming fight for re-election.

NPR

Do You Like Me? Swiping Leads To Spike In Online Dating For Young Adults

A study by the Pew Research Center finds the use of online dating sites has mushroomed in the past few years, particularly among 18- to 24-year-olds.

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