LIBOR scandal

Mounting Fannie And Freddie Losses From LIBOR Fraud

I'm sure the banks will be dealt with just as severely as they were the last time they engaged in massive fraud. Oh, wait: (Reuters) - Mortgage finance giants Fannie Mae and Freddie Mac may have suffered more than $3 billion in losses due to

Guardian: U.S. LIBOR Arrests 'Imminent'

Here's the part that makes me skeptical: They're going after "individual" traders? Are we really supposed to believe that this scandal doesn't go all the way to the top? Isn't this the sort of thing Sarbanes-Oxley was supposed to fix? Because