Why is Nobody Freaking Out About the LIBOR Banking Scandal? | Matt Taibbi | Rolling Stone

Corruption, fraud, and bankers misbehaving:

But to me what’s missing from all of this is the “Holy Fucking Shit!” factor. This story is so outrageous that it shocks even the most cynical Wall Street observers. I have a friend who works on Wall Street who for years has been trolling through the stream of financial corruption stories with bemusement, darkly enjoying the spectacle as though the whole post-crisis news arc has been like one long, beautifully-acted, intensely believable sequel to Goodfellas. But even he is just stunned to the point of near-speechlessness by the LIBOR thing. “It’s like finding out that the whole world is on quicksand,” he says.

via Why is Nobody Freaking Out About the LIBOR Banking Scandal? | Matt Taibbi | Rolling Stone.

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