Wall Street's High Crime Area, Libor Scandal Expands, Confidence Crisis, and More

The Libor scandal continues to spread, with more banks and regulators being placed under the microscope for their involvement in rate rigging. Meanwhile, Wall Street's image continues to take a pounding while UBS Americas' chairman strikes out on his own.
July 20, 2012

1. Your Wish Is My Command

It's hardly news that the New York Fed was doing the bidding of the banks. One of the biggest problems we had in the lead up to the crisis was that all of these regulators were captives to the banks ... and they understood their job as servicing the banks and being their advocate.

— Dennis Kelleher, President & CEO, Better Markets, Inc., on the news that Tim Geithner was aware of possible LIBOR rigging back in 2008

Source: Viewpoint with Eliot Spitzer: Will Banks be Held Accountable for LIBOR Manipulation?

Wall Street & Technology encourages readers to engage in spirited, healthy debate, including taking us to task. However, Wall Street & Technology moderates all comments posted to our site, and reserves the right to modify or remove any content that it determines to be derogatory, offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing/SPAM. Wall Street & Technology further reserves the right to disable the profile of any commenter participating in said activities.

Disqus Tips To upload an avatar photo, first complete your Disqus profile. | Please read our commenting policy.
< Previous 1 2 3 4 5 6 7 ... 9 Next > 

< Previous 1 2 3 4 5 6 7 ... 9 Next >