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And FX rigging ... Speaking morally, rather than legally, the packaging of loans into CDOs was clearly fraudulent, basically the equivalent of tampering with t
by tragic 8y ago
And FX rigging ...
Speaking morally, rather than legally, the packaging of loans into CDOs was clearly fraudulent, basically the equivalent of tampering with the mile meter in your car before selling it. The fact that there is apparently no law to prosecute people under is a failure of our various legislatures and judicial systems.
- cm2187 8y agoBut for both Libor and FX people went to jail. I think the original poster was refering to banker going to jail for causing the 2008 crisis.