libor rate rigging

[Anonymous]

"A cesspit." That's how the usually measured Paul Tucker, deputy governor of the Bank of England, described banks' attempts to manipulate the London interbank offered rate, or Libor.

Faced by a throng of sound-bite-hungry British Parlamentarians, on Monday Mr. Tucker did a convincing job of rebuffing allegations that the authorities had put pressure on Barclays BARC.LN -1.32% PLC to manipulate Libor, the world's most important interest rate.


—Francesco Guerrera is The Wall Street Journal's Money & Investing editor. Write to him at: [e-mail] and follow him on Twitter @guerreraf72

How long before the US House apologies to the banks? Self regulation indeed!

[ Edited to comply with copyright laws. ]

[Anonymous]

These banks are just totally criminals.

[Anonymous]

This is actually quite possibly the biggest scandal ever, and nobody understands it because no politician dipped his wick inside a whore.