Libor Scandal

• The Libor scandal gets more expensive for the banking sector almost by the day.
(Huffington Post)
• The Feds strategy in dealing with the Libor scandal is clear: Pass the buck early and often.
(Huffington Post)
• have to ask questions about the navigational skills of the captain. Osborne said the Libor scandal showed a culture of greed and irresponsibility in the City of London and on Wall Street.
(NBCNews.com)
• The economy is the main event but the LIBOR scandal will be on the under-card when Fed Chairman Ben Bernanke testifies before Congress today and tomorrow.
(Yahoo Finance)
• The scandal engulfing the financial industry is yet another sign that our business leaders no longer respect the rule of law.  Maybe the acronym at the heart of the scandal is too confusing. Or Americans are simply tired of hearing about greedy bankers.
(Atlantic Online)
• Last week we posted a note from Morgan Stanley analysts, who tried to guess at the final ultimate cost of the Libor scandal to banks – a combination of expected regulatory fines, litigation outcomes, and the business uncertainty caused by the mess.
(Financial Times)
• LONDON-- As lies go, none is greater than the one that suggests banks are capable of self-regulation.
(Nation)
• Yesterday this blog wrote about how the weeknight newscasts of ABC and NBC had failed to mention the international financial scandal involving Libor, the London interbank offered rate.
(Washington Post)