CuriosityCat: LIBOR Scandal: UK banker: “We’re clean, but we’re dirty-clean, rather than clean-clean.”

The banking system is reeling from admissions by senior bankers that they acted in concert with other bankers to fix the setting of the interbank interest rate (LIBOR), so as to make dishonest profits. The BBC is running a series of shows on the culture of corruption that crept into international banks over the years, ...

CuriosityCat: The Anglo Tapes: Give us the %$%%$# moolah

The tapes that  have started a firestorm this week in Ireland do more than reveal the attitudes of the senior bankers involved in the destruction of Ireland’s financial system during the 2008 financial meltdown. They also show why the recommendations of the UK Parliament on legal standards of conduct for senior bankers should be implemented ...

CuriosityCat: President Hollande of France leads the way with a Tobin tax

At last we see a serious move in Europe to start the much needed process of reining in the many useless financial transactions that are part of the unregulated morass that landed us in the 2008 financial meltdown. James Tobin Hollande’s first budget is introducing a Tobin tax on trading and swap transactions: The 0.2 ...