Here's the part that makes me skeptical: They're going after "individual" traders? Are we really supposed to believe that this scandal doesn't go all the way to the top? Isn't this the sort of thing Sarbanes-Oxley was supposed to fix? Because either way, the executives running the banks are supposed to take legal responsibility - and so are the board members. We're supposed to believe these were simply individual acts? Nah, I'm not buying it:
http://crooksandliars.com/susie-madrak/guardian-us-libor-arrests-imminent
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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