Geithner Faces Congress on LIBOR Scandal

Congress is investigating whether regulators (specifically, the New York Fed) did enough to protect the public when it discovered that some were mis-stating interest rates to boost the bottom line. “But Mr. Geithner on Wednesday also acknowledged that he did not alert federal prosecutors to the wrongdoing. The revelation prompted lawmakers to question whether his… Continue reading Geithner Faces Congress on LIBOR Scandal