Bloomberg: LIBOR Executives Had to Know
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December 22, 2012 - 2:59am
Libor Scandal: Bloomberg Echoes Sense on Cents Call
by Larry Doyle, Sense on Cents
I have maintained literally from the outset that the manipulation and rigging of Libor and other benchmark interest rates could not have occurred without the knowledge and blessing of senior executives within the banks.
We read today that senior executives at UBS were very much aware of the collusive practices that went on for years. The question now begs what will happen from here. Will selected executives who may have left the firm voluntarily or otherwise be allowed protective cover? Remember, justice neglected is justice denied.
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December 22, 2012 - 2:59am
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