Robert Reich[1] in http://robertreich.org/post/26708840314 http://robertreich.org/post/26708840314: And it would amount to a rip-off of almost cosmic propo

Robert Reich[1] in http://robertreich.org/post/26708840314 http://robertreich.org/post/26708840314: And it would amount to a rip-off of almost cosmic proportion – trillions of dollars that you and I and other average people would otherwise have received or saved on our lending and borrowing that have been going instead to the bankers. It would make the other abuses of trust we’ve witnessed look like child’s play by comparison. Sad to say, there’s reason to believe this has been going on, or something very much like it. This is what the emerging scandal over “Libor” (short for “London interbank offered rate”) is all about. [1] Chancellor’s Professor of Public Policy at the University of California at Berkeley, was Secretary of Labor in the Clinton administration.