View Point w/ Eliot Spitzer | Will Banks be Held Accountable for Libor Manipulation? (VIDEO)

Will Banks be Held Accountable for Libor Manipulation?

Matt Taibbi, Rolling Stone contributing editor, and Dennis Kelleher, president and CEO of Better Markets Inc., join “Viewpoint” host Eliot Spitzer to assess the scope of the unfolding Libor scandal given news that the U.S. Justice Department is building criminal cases and expects to “file charges against at least one bank later this year,” according to The New York Times.

“It can’t be just one bank,” Taibbi says. “By its very nature this scandal has to involve multiple banks, so if it’s only one company or one individual, that tells you that the scandal has been – that the scope of this investigation has been artificially narrowed. But if you can’t put somebody in jail for manipulating an $800 trillion market, what can you put them in jail for?”

“There’s never been any accountability on Wall Street,” Kelleher observes. “Wall Street’s a high crime area and the criminals are just let to run free. This would never be tolerated anywhere else in America and it’s time to end the two sets of laws. We apply laws to everybody in this country and we pamper Wall Street.”

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Comments
2 Responses to “View Point w/ Eliot Spitzer | Will Banks be Held Accountable for Libor Manipulation? (VIDEO)”
  1. Lana Ashford says:

    maybe it has been that way but all that is about to change. You will see informants and information coming out so rapidly it will make your head spin. This is the tipping point and there is no going back. The media will be forced to report or they will be buried in the avalanche. And these guys are going to jail. The aware public knows this but the unaware public is being prepped.

  2. Jim says:

    So what’s new. They get a pass from the liberal media and a complicit government, Don’t get your hopes up that Holder and his department of injustice will do anything worth while. Banks have already had a free get out of jail card for 5 years over their handling of the mortgage crisis that tanked the world’s economies.

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