LIBOR and You

It may be something you’ve never heard of, yet it affects how much interest ordinary people pay on everything from credit card debit, to home mortgages and student loans.  And now there’s a huge scandal involving the lending rate known as the London Interbank Offered Rate, or LIBOR.  This actually tops the Banking Scandal of 2008.  Economist David Kemme is here to explain what this means for you.