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
6. Libor Reality
Libor. What is that? … I had it as the mythical half-wild boar, half lion that was rumored to have killed Achilles' brother Jimmy the Greek.
— Jon Stewart, The Daily Show