Gaius Publius asks: "Did the Bank of England approve Barclays' false LIBOR rate submissions?" Barclays seems to have "formed an understanding" that the Bank of England did. See what worshipping money gets you? If I can make "formed an understanding" as infamous a phrase as "the intelligence and facts were being fixed around the policy," I will consider my life a success.
In a possibly related note, nearly one fourth of surveyed Wall Street executives find wrongdoing to be "a key to success." After all, buying all the politicians and paying yourselves millions in unearned bonuses only gets you so far.
In another possibly related note, a CEO gets a $44 million payout despite resigning after not even one full day on the job. That sounds like a condition of a merger that went through the previous week. Still, nice work if you can get it.
New Jersey Gov. Chris Christie (R) says the "War on Drugs" has failed, and that we should treat addicts rather than jail them, not least because treatment is less expensive. He even says caring for addicts is a part of being "pro-life." All agreeable sentiments, but Republicans have lied to us before. If I find he means it, of course I'll apologize.
Comments