Public dissatisfaction with the failure to prosecute bank executives has only increased as stories of bank lawlessness—ranging from the manipulation of Libor (the London Interbank Offered Rate, which is the average of interest rates estimated by each of the leading London banks that they would be charged were they to borrow from other banks), foreign exchange and Treasury market manipulation, money laundering, and, with the Panama Papers, facilitation of tax evasion—have become almost a daily staple. Another vote of no confidence comes from new Minneapolis Fed President Neal Kashkari, who is hosting a series of high-profile conferences and soliciting a wide range of ideas as input for presenting the Minneapolis Fed’s own plan for solving the too-big-to-fail problem toward the end of the year.
Read more: http://www.politico.com/magazine/story/2016/04/new-york-primary-financial-crisis-wall-street-213822#ixzz46USOpnNa
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