Click here to access article by Pam Martens from Wall Street on Parade.
About all I understand about the Libor scandal is that the banks were caught lying about the rates they charge each other, that this was done mostly to increase their profits, and resulted in increased costs for consumers in the form of higher interest they pay on loans.
In contrast to European banking regulating agencies, the US Justice Department has yet to file any charges against US banks for their participation in this scandal. She asks, why? I think this fact is only one more indication of who really rules the US and its Empire. The key players in US major banking institutions are also the key players in what I often refer to as a "shadow government".