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Banking Rate Scandal Deepens
Cities, states, and municipal agencies nationwide are looking at whether they suffered damages from the Libor scandal, and weighing legal action. Brian Gardner, Keefe, Bruyette & Woods, and Mark Calabria, Cato Institute, weigh in. "It's important to separate out two issues--one, you had the Libor manipulations before the crisis that were directly aimed at benefiting Barclays, and the other part was during the crisis," says Calabria.
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Banking Rate Scandal Deepens
Cities, states, and municipal agencies nationwide are looking at whether they suffered damages from the Libor scandal, and weighing legal action. Brian Gardner, Keefe, Bruyette & Woods, and Mark Calabria, Cato Institute, weigh in. "It's important to separate out two issues--one, you had the Libor manipulations before the crisis that were directly aimed at benefiting Barclays, and the other part was during the crisis," says Calabria.
Date: 7/11/12
Views: 104
Video by:  CNBC
 
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