In response to:

U.S. Building Criminal Cases in Libor Scandal

HapHarris Wrote: Jul 16, 2012 8:40 AM
As for building criminal cases I strongly feel its nothing more than theater for the masses.l

Numerous people have asked me to comment on the LIBOR rate-rigging scandal. I have not done so previously because I had little to add.

Zerohedge has done a fine job breaking every story. So have others. 

I prefer to comment when I have an edge of some kind: a different angle, a different source, or if I can offer a more comprehensive analysis than other writers.

As pertains to LIBOR, I still have no earth-shattering reports or breaking news. Rather, I am commenting because of repeated questions as to where I stand on the story.

Given the nature and magnitude of the story,...

Related Tags: Scandal libor