In this video Fed chairman Ben Bernanke admits that the Fed was aware of the Libor scandal for the last 4 years. Ben Bernanke says that if you where smart you would have known what was going on and that it's not his job to let people know about global monetary scandals that he may aware of.

The Libor scandal was a conspiracy between bankers and traders to manipulate interest rates in order to gain large profits and screw the country of Israel out of large sums of money.