Relevant:
- Matt Taibbi: Libor Scandal Is 'The Biggest Financial Corruption Case In History' (VIDEO)
- Libor Fines and Robot Analysts
- LIBOR Scandal More Than Fraud - Whole Game is Rigged [Video]
- Tim Geithner "Aided and Abetted" LIBOR Crimes: Jim Rickards
- Libor Scandal: Manipulation Spanned Decades, According To Reports
2012-07-20 — nytimes.com
In response to questions from Senate aides, Mr. Alvarez said that the Fed was unable to do more because the alleged manipulation of Libor did not constitute a so-called "safety and soundness" concern -- a term used by bank regulators to signify threats to a lender's viability.
It is hard to see how Mr. Alvarez and his colleagues could have been more wrong -- manipulation of Libor most definitely raises safety and soundness concerns.
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