In response to:

Blame Barclays, Not Capitalism

PluckyMo Wrote: Jul 11, 2012 1:25 PM
(cont. from above) Companies must have customers to buy goods. Providing poor customer service, producing an inferior product, or over-pricing goods is anti-capitilistic because customers will stop buying goods from the company. Basically, any company that has a "profit at any cost" attitude will learn that the cost is eventually loss of profit. But this only works if all of those relationships are allowed to work through the market. ...(cont., again)

Why aren't more people furious about the Libor scandal?

That's a question mostly being asked on the political left these days, and they're right to ask it.

Here are the basics: Barclays is the second-largest bank in Britain and one of the largest in the world. It has admitted to U.S. and British regulators that it manipulated the London interbank offered rate, or Libor, which basically measures how much it costs banks to borrow money from one another for various periods of time. If you ever read the fine print on a home mortgage, credit card agreement or car loan, you've...