Economists And Market Watchers Agree: Interest Rate Rigging Scandal Makes Case For New Regulations

Economists And Market Watchers Agree: Interest Rate Rigging Scandal Makes Case For New Regulations: Oversight committees in both the House and Senate have begun investigating the London InterBank Offered Rate (LIBOR) scandal, where bankers colluded to fix the important interest rate marker. While Congress looks into past wrongdoing (and how much regulators knew about what was going on), observers of the financial sector are arguing that updated regulations — [...]/p