After much talk about a multi-countries investigation into LIBOR rigging, authorities in the US and the UK have fined Barclays for  “attempted manipulation of and false reporting of LIBOR and Euribor Benchmark rates,” in total $360m and £59.5m – the biggest FSA fine ever. In perspective, this isn’t much more than a cup of coffee for … Continue reading What chance for the free market when banks find out they can just pay to rig it?