A Very Metal Explanation of the LIBOR Scandal

The London Interbank Offered Rate Is based on borrowing cost estimates Of a whole fuckload of global banks Sent in at eleven AM everyday The average is used as a base rate To which hundreds of trillions of dollars are linked Including mortgages in the United States And essentially the global economy Beginning in two thousand and three A bunch of these banks colluded behind the scenes Barclays, Deutche Bank, JP Morgan Chase Lied about the rates that they thought they'd pay To skim money off of, well, everything It was the biggest fucking scam in world history And yet it was memory holed State regulators allowed this shit to happen So don't feel bad if you cheat on your taxes explanation