This is a bigger scandal than the World Series fix of 1919.
And yet, there is little to nothing in the U.S. media about it.
If the bankers fixed LIBOR, what else is fixed?
As Matt Taibbi wrote:
But to me what’s missing from all of this is the “Holy Fucking Shit!” factor. This story is so outrageous that it shocks even the most cynical Wall Street observers. I have a friend who works on Wall Street who for years has been trolling through the stream of financial corruption stories with bemusement, darkly enjoying the spectacle as though the whole post-crisis news arc has been like one long, beautifully-acted, intensely believable sequel to Goodfellas. But even he is just stunned to the point of near-speechlessness by the LIBOR thing. “It’s like finding out that the whole world is on quicksand,” he says.
The whole system is rigged and nobody seems to care.