The Libor Scandal In Full Perspective - PaulCraigRoberts.org
…To sum up, what has happened is that irresponsible and thoughtless–in
fact, ideological–deregulation of the financial sector has caused a financial crisis that can only be managed by fraud.
Civil damages might be paid, but to halt the fraud itself would mean
the collapse of the financial system. Those in charge of the system
would prefer the collapse to come from outside, such as from a collapse
in the value of the dollar that could be blamed on foreigners, because
an outside cause gives them something to blame other than themselves.
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