Charles Gasparino, New York Post
With the four-year anniversary of the financial crisis approaching, Wall Street thought it had dodged a bullet. Now comes the Libor scandal.The esoteric practice of banks "fixing" the price of the London Interbank Offered Rate (more on Libor in a bit) may have heads rolling "” and hard time being served "” unlike "sexier" bubble-era improprieties like selling toxic debt to the unsuspecting.
With the four-year anniversary of the financial crisis approaching, Wall Street thought it had dodged a bullet. Now comes the Libor scandal.The esoteric practice of banks "fixing" the price of the London Interbank Offered Rate (more on Libor in a bit) may have heads rolling "” and hard time being served "” unlike "sexier" bubble-era improprieties like selling toxic debt to the unsuspecting.
Read Entire Story: RealClearPolitics - Homepage



