America Rolls Out Its Libor Replacement

Eric Talley, Co-Director of the Millstein Center for Global Markets and Corporate Ownership at Columbia Law School, discusses the debut of the Secured Overnight Financing Rate, which will eventually replace Libor. Plus, Peter Henning, a professor at Wayne State University Law School, discusses a former Washington D.C. consultant who is being charging with leaking government information to hedge funds. In his defense, David Patton, the attorney for David Blaszczak has argued that “D.C. is the town that never shuts up.” They speak with Bloomberg's June Grasso.See omnystudio.com/listener for privacy information.