In response to:

Blame Barclays, Not Capitalism

PluckyMo Wrote: Jul 11, 2012 1:39 PM
...(cont., and done) Capitalism is built on mutually beneficial exchanges between two parties. If the exchange is not viewed as beneficial by even one of the parties, it does not occur. Employees are not forced to work for employers who do not provide adequate wages and working conditions. Employers are not forced to pay for employees who do not provide enough service. Consumers are not forced to buy goods at a value higher than they are willing to pay. Companies are not forced to sell goods at a value lower than their production cost. *That* is true capitalism.

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...