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Senator Tim Johnson sells us out

DCblogger's picture

U.S. Banks Ignored in Congressional Libor-Rigging Probe

None of the three U.S. banks—Bank of America, Citigroup, or JPMorgan Chase—involved in establishing the London interbank offered rate, which remains under investigation for alleged rigging, have been asked by Congress to answer questions about what they knew about manipulation in the market or if they were involved, National Journal has learned.

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reslez's picture
Submitted by reslez on

Scandals are just an opportunity for politicians to demonstrate their loyalty to the banks.

Like Obama telling Wall Street he was the only one standing between them and the pitchforks.

They feed the story for headlines and votes, then kill it before they have to take any actual action.