Expecting a Libor investigation letdown

It is important that those investigating the lending rate scandals, which most recently engulfed Barclays, understand their seriousness, but the end result is unlikely to instil anymore confidence in the banking system.

Members of the British Treasury Select Committee, US congressional investigators, state attorney generals and class actions lawyers who are investigating just who knew what and when in the sprawling investigations into the manipulation of Libor, would do well to emulate the forensic skills of former Manhattan District Judge Milton Pollack.

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