Jail Time Would Fix Banks and Barclays - Martin Hutchinson, Asia Times
The Barclays Libor debacle,
over which both chief executive Bob Diamond and
chairman Marcus Agius ended up resigning, may be
seen as something of a farce - to lose one top
executive may be an accident, to lose two looks
like carelessness. However, Barclays' trajectory
over the past few decades, while unrewarding for
shareholders, has epitomized the errors of the
financial services industry over the last
generation, errors even more egregious in Britain
than in the United States.
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