The LIBOR Scandal To Get Worse?

The Libor scandal is about to get a whole lot worse. And, that’s the good news.

Not only are at least twenty more big banks under investigation as part of a massive fraud to manipulate interbank lending rates that affect some $800 trillion in loans and derivatives, but the Bank of England is about to take center stage in the scandal…

Or maybe the biggest financial scandal in history will just be swept under the rug.  I note that nobody has been locked up or drawn and quartered as yet.

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