From Dealbreaker: The Barclibor scandal doesn’t seem to be
going away, so it might be productive to try to figure out how much outrage is
the right amount of outrage and express it in dollars. You can be all “what a
bunch of crooks, with the emails, and whatnot” and sure, but there are lots of
crooks in the world and for you to expend your energy being mad about
particular crooks should require a considered judgment as to whether they are
petty crooks or massive, massive crooks. And despite the $800 trillion notional
size of the market they were monkeying with, the range of answers given to this
question is unusually broad, from a dismissive “it’s still not clear just what
the big harm was in the Libor scandal” to a mouth-foaming “this is the
mega-scandal of mega-scandals.”
http://dealbreaker.com/2012/07/who-should-be-sharpening-their-pitchforks-for-barclays/
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