Joined Nov 11, 2007
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Going After LIBOR Manipulators In Early 2008 Would Have Been Disastrous

Alternate Headline: We Had to Steal Your Money to Prevent the Crisis from Becoming a Collapse!

But even if they had known about such manipulation, pursuing immediate trials—or even reporting such abuse to Congress—could have collapsed the system at a time when banks’ creditworthiness was already under fire.

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