Barclays may face charges in US over Libor – report

[malaise]

http://www.guardian.co.uk/business/2012/jul/15/barclays-charges-us-libor-report
<snip>
American regulators may press charges against Barclays bank and some of its employs over the Libor interest rate manipulation scandal, according to a report.

The US justice department is building criminal cases against several financial institutions and their employees related to the manipulation of inter-bank lending rates, the New York Times reported on Saturday.

Citing government officials close to the case, the New York Times said traders at Barclays Plc were among the individuals against whom the department was building cases. Authorities expected to file charges against at least one bank later this year, the newspaper reported.

With the prospect of possible criminal charges, several financial institutions, including at least two European firms, are scrambling to arrange deals with the government, the New York Times said, citing lawyers close to the case.
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Great news!!!

[salin]

1. Here's to hoping

[Spazito]

2. Good, very very good news!

"The US justice department is building criminal cases against several financial institutions and their employees related to the manipulation of inter-bank lending rates, the New York Times reported on Saturday."

In case anyone was wondering why the repubs are in such a panic to remove Attorney General Holder, I would say 'wonder no more'.

[malaise]

4. Ding ding we have a winner

[Ichingcarpenter]

3. No one will go to jail, fines will be made,

the public will pay for the crimes.