On this episode of Slate Money, host Felix Salmon of Fusion, Cathy O’Neil of mathbabe.org, and Slate’s Moneybox columnist Alison Griswold discuss the swindles of the week. Topics discussed on today’s show include: The downside of quick Venmo payments What Tom Hayes did to the London interbank offered rate Why the Fed didn't raise interest rates Check out other Panoply podcasts at itunes.com/panoply. Slate Money is brought to you by SAP HANA. SAP HANA helps the world’s best companies get the answers they need to become more agile, develop new streams of revenue, and predict the future. Run SAP. And Run Simple. Visit sap.com/reimagine to learn more. And by OPEN ACCOUNT, a podcast series created by SuChin Pak and Umpqua Bank. OPEN ACCOUNT explores, through honest and sometimes comical interviews, our uncomfortable silence around money.  OPEN ACCOUNT is available now on iTunes. And by Goldman Sachs. Get information about developments currently shaping markets, industries, and the global economy on the firm’s podcast, ‘Exchanges at Goldman Sachs,’ available on iTunes. 

Learn more about your ad choices. Visit megaphone.fm/adchoices