Why The Libor Investigation Is Truly Different From Other Wall Street Scandals

Dozens of bankers will be implicated in the Libor scandal, according to the FT, ensuring that this scandal will be like any other. There won’t be just one fall guy (think: Abacus/Fabrice Tourre) and according to reports UBS and other banks will likely admit wrongdoing.

Find out why that’s unprecedented below:


Produced by Daniel Goodman