In response to:

Blame Barclays, Not Capitalism

PluckyMo Wrote: Jul 11, 2012 1:43 PM
But, John, none of these immoral methods of achieving personal gain are capitalism. Capitalism, at its core, is achieving personal gain by providing something of value to others. You tacitly agreed that this is moral. Where does capitalism bear fault here?

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...