There has been a lot of discussion about the mortgage industry transitioning away from the LIBOR index, but it wasn't until I read the book "The Spider Network" by David Enrich that I understood the history of how the LIBOR was originally created and why the housing finance industry needs to separate themselves from it. Listen in to hear how a math genius and a gang of scheming bankers pulled off one of the greatest scams in history. 

Host: Mike Eshelman, CMB (Jornaya)