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HomeBarclays Libor Scandal: Reports Regulators Knew; Time for Independent Investigation and Eliot Spitzer
Posted by Larry Doyle on July 3rd, 2012 11:06 AM |
When the proverbial “you know what” has hit the fan on Wall Street over the last few years, the defense of those occupying executive offices has consistently been, “the regulators were all over the firm and did nothing.”
With the industry in full defense mode over the fallout from the Libor price-fixing scandal, we catch a strong and overpowering sense of this stench filtering into the public domain once again. Bloomberg highlights as much in a short must-view video clip, Bad Bankers May Face Criminal Charges,
“Fraud is a crime in ordinary businesses, why shouldn’t it be so in banking?” (more…)
