Monday, August 6, 2012

EVERYONE FOR THEMSELVES: Wall Street Banks Are Throwing Each Other Under The Bus In LIBOR-Gate




Is there anyone on the Street who didn't see this coming?

Ever since Barclays paid a huge settlement for manipulating the LIBOR last month, investigators have been looking into manipulation at all major Wall Street banks.  But this hasn't been a time for solidarity (which is weird on the Street). Instead, Azam Ahmed and Ben Protess of The New York Times report, "banks are emphasizing that 'we're not as bad as the next guy."

In short: It's kill or be killed….


Read more: http://www.businessinsider.com/report-wall-street-banks-are-selling-each-other-out-in-the-libor-probe-2012-8#ixzz22mPs9txO

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