The Libor is the average interest rate that leading banks in London charge when lending to other banks. It is an acronym for London Interbank Offered Rate (LIBOR,  /ˈlaɪbɔr/). Banks borrow money for one day, one month, two months, six months, one year, etc., and they pay interest to their lenders based on certain rates. The Libor figure is an average of these rates. Many financial institutions, mortgage lenders and credit card agencies track the rate, which is produced daily at 11 a.m. to fix their own interest rates which are typically higher than the Libor rate. As such, it is a benchmark for finance all around the world.

In 1984, it became apparent that an increasing number of banks were trading actively in a variety of relatively new market instruments, notably interest rate swaps, foreign currency options and forward rate agreements. While recognizing that such instruments brought more business and greater depth to the London Interbank market, bankers worried that future growth could be inhibited unless a measure of uniformity was introduced. In October 1984, the British Bankers' Association (BBA)—working with other parties, such as the Bank of England—established various working parties, which eventually culminated in the production of the BBA standard for interest rate swaps, or "BBAIRS" terms. Part of this standard included the fixing of BBA interest-settlement rates, the predecessor of BBA Libor. From 2 September 1985, the BBAIRS terms became standard market practice.

Matthew C. "Matt" Taibbi (pronounced /taɪˈiːbi/; born March 2, 1970) is an American author and journalist reporting on politics, media, finance, and sports for Rolling Stone and Men's Journal, often in a polemical style. He has also edited and written for The eXile, the New York Press, and The Beast.

Taibbi grew up in the Boston, Massachusetts suburbs. He attended Concord Academy in Concord, Massachusetts, and Bard College at Annandale-on-Hudson, New York, then spent a year abroad at Saint Petersburg Polytechnical University in Russia. His father is Mike Taibbi, an NBC television reporter.

Taibbi joined Mark Ames in 1997 to co-edit the controversial English-language Moscow-based, bi-weekly free newspaper, The eXile. Of Exile, Taibbi said, "We were out of the reach of American libel law, and we had a situation where we weren’t really accountable to our advertisers. We had total freedom."^{[citation needed]} In the U.S. media, Playboy magazine published pieces on Russia both by Taibbi and by Taibbi and Ames together during this time.

David Howell Evans (born 8 August 1961), more widely known by his stage name The Edge (or just Edge), is a musician best known as the guitarist, backing vocalist, and keyboardist of the Irish rock band U2. A member of the group since its inception, he has recorded 12 studio albums with the band and has released one solo record. As a guitarist, The Edge has crafted a minimalistic and textural style of playing. His use of a rhythmic delay effect yields a distinctive ambient, chiming sound that has become a signature of U2's music.

The Edge was born in England to a Welsh family, but was raised in Ireland after moving there as an infant. In 1976, at Mount Temple Comprehensive School, he formed U2 with his fellow students and his older brother Dik. Inspired by the ethos of punk rock and its basic arrangements, the group began to write its own material. They eventually became one of the most popular acts in popular music, with successful albums such as 1987's The Joshua Tree and 1991's Achtung Baby. Over the years, The Edge has experimented with various guitar effects and introduced influences from several genres of music into his own style, including American roots music, industrial music, and alternative rock. With U2, The Edge has also played keyboards, co-produced their 1993 record Zooropa, and occasionally contributed lyrics. The Edge met his second and current wife, Morleigh Steinberg, through her collaborations with the band.

Timothy Maxwell "Max" Keiser (born January 23, 1960) is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT (formerly Russia Today). Keiser also anchors On the Edge, a program of news and analysis hosted by Iran's Press TV. He hosted the New Year's Eve special, The Keiser's Business Guide to 2010 for BBC Radio 5 Live. Keiser presented a season of The Oracle with Max Keiser on BBC World News. Previously he produced and appeared regularly in the TV series People & Power on the Al-Jazeera English network. He also presents a weekly show about finance and markets on London's Resonance FM, as well as writing for The Huffington Post.

In addition to his broadcasting work Keiser is known for his invention of "Virtual Specialist Technology", a software system used by the Hollywood Stock Exchange.

Keiser has been involved with markets and finance for 25 years. He started his career as a stock broker on Wall Street after graduating from New York University.

Rachel Anne Maddow (pronounced /ˈmædoʊ/; born April 1, 1973) is an American television host, political commentator, and author. Maddow hosts a nightly television show, The Rachel Maddow Show, on MSNBC. Her syndicated talk radio program of the same name aired on Air America Radio. Maddow is the first openly gay anchor of a prime-time news program in the United States.

Asked about her political views by the Valley Advocate, Maddow replied, "I'm undoubtedly a liberal, which means that I'm in almost total agreement with the Eisenhower-era Republican party platform."

Maddow was born in Castro Valley, California. Her father, Robert B. "Bob" Maddow, is a former United States Air Force captain who resigned his commission the year before her birth and found civilian work as a lawyer for the East Bay Municipal Utility District. Her mother, Elaine Maddow (née Gosse), is a school program administrator from Newfoundland, Canada. She has one older brother, David. Her father is of Russian and Dutch descent and her mother is of English and Irish ancestry. Maddow's mother was raised a strict Roman Catholic, and Maddow herself grew up in a community that her mother has described as "very conservative." Maddow was a competitive athlete and played three sports in high school. Referencing John Hughes films, she describes herself in high school as "a cross between the jock and the antisocial girl."