Such public outrage about the Libor scandal! Look at this huge surge in Google queries (NOT) as the ever-inquisitive public seeks to understand the latest manipulation of the financial markets.
Makes me wonder what kind of scandal or crisis would have to be erupt in order for the general public to actually care. I'm not sure they ever will. Which means that many bankers who do manipulate markets basically have a free pass - a Stay Out Of Jail Free card. For example, it is astonishing to me that the MF Global Trustee can be talking about possible civil suits against Jon Corzine and MF Global for taking $1.8 billion in funds from customer accounts, but no talk of criminal prosecutions. How in the world did we get to this point? Did someone put soma in the water supply?
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