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This article is bullshit. People are going to jail. http://rt.com/uk/193872-london-banker-libor-guilty/ http://rt.com/uk/193872-london-banker-libor-guilty/
by mattmcknight 11y ago
This article is bullshit. People are going to jail.
http://rt.com/uk/193872-london-banker-libor-guilty/ http://rt.com/uk/193872-london-banker-libor-guilty/
- caseysoftware 11y agoI think they mean "no one in the US is going to jail" but that's a way less offensive headline.
- mattmcknight 11y agoAccording to the Guardian, two people in the US (employees of Rabobank) have pleaded guilty. http://www.theguardian.com/business/2014/oct/07/banker-pleads-guilty-libor-rigging-rate-fixing http://www.theguardian.com/business/2014/oct/07/banker-plead... I am sure there is more detail on this out there that I don't have time to research, but the linked article is still bullshit.
- teh_klev 11y agoThat article doesn't say that at all. It says that the unnamed banker is being prosecuted and "faces up to 10 years in jail". The cynic in me reckons at best he'll get a fine, a suspended sentence and we'll never know who he was. Not exactly justice.
- mattmcknight 11y agoThe initial article is still bullshit. Just a cursory google search reveals a number of people in multiple countries on trial, many of whom have pleaded guilty and are awaiting sentencing... http://www.theguardian.com/business/2014/oct/07/banker-pleads-guilty-libor-rigging-rate-fixing http://www.theguardian.com/business/2014/oct/07/banker-plead...