“Nice Libor… Our six-month fixing moved the entire fixing, hahahah”

Libor is back in the spotlight because a fired RBS trader, Tan Chi Min, is suing for wrongful dismissal.

Bloomberg has copies of court documents that include instant messages that seem to show complicity, if not cooperation from the higher ups.

I can’t figure out what the banks were thinking by throwing the low-level traders to the wolves.

The first rule of a criminal cartel is that you stick together and shut your mouths when there is trouble. That’s especially true when there is an electronic record of everything.

I know everyone is already bored of this scandal, but it’s far from over.