Seeking Alpha
  • David White
    Barclay's got off easy when it agreed to incriminate others.Many will get big fines.DB has already fired 2 people due to LIBOR (Der Spiegel)
    7/16/12
    Reply (12)
    • DaLatin: Usually first stoolie does best,but,so many more.Might see fatigue & some fight it They might do better than Barclay.Esp since they did poor
      7/16/12
    • Bob de'Long: lol, do you guys think anyone will go to prison. Punishing corporations does nothing. Officers must get the Milken treament, banned 4 life.
      7/16/12
    • David White: The going theory is that they will get fined 4% - 13% of their earnings for one year.
      7/16/12
    • Perkins Cove: Just goes to show who really runs the world. Sick!
      7/16/12
    • DaLatin: Prison ? ha ha ha Not bankers !
      7/16/12
    • jmartz101: No prison but I like DB a lot I am a shareholder but am worried about this scandal and what it will bring to DB or any other bank.
      7/16/12
    • David White: Der Spiegel said DB fired two employees in relation to the LIBOR scandal. Seems almost a sure bet their at least partially guilty.
      7/16/12
    • David White: Per EU rules they only have to prove that the banks attempted to form a syndicate in order to control the market. Likely they'll be able to
      7/16/12
    • jmartz101: I'm sure they're really involved in the scandal and this one could hurt them. DB seems like they're hiding here.
      7/16/12
    • David White: prove this against DB. Then its just a question of how seriously their involvement is viewed. I confess I don't know.
      7/16/12
    • jmartz101: I dont know either I'm just making assumptions of how involved they are. Many firms are involved in this libor scandal.
      7/16/12
    • David White: Agreed. 16 are being investigated. 11 are being sued by Charles Schwab over the LIBOR scandal.
      7/16/12