9:20 am Wed July 18, 2012  The New Republic: Where's The Outrage
Over LIBOR?  Credit Oli Scarff / Getty Images The Canary Wharf
headquarters of Barclays Bank, who have been more than $450 for
manipulating the LIBOR inter-bank lending rate, on June 28 in
London, England. British Prime Minister David Cameron has said
the bank's management has 'serious questions' to answer
regarding their practices.  Noam Scheiber is a senior editor at
The New Republic.  A number of commentators have wondered why
the rigging of LIBOR — the most widely used interest-rate in the
world — hasn't caused the uproar in this country that it's
provoked in Britain. The easy answer is that no U.S. bank has
fessed up or been outed over its role in manipulating LIBOR,
unlike in Britain, where Barclays has agreed to pay nearly half
a billion dollars in fines and fired its top three executives.
But, never fear, there's every indication that American banks
were up to similar hijinks, and that U.S. investigators are on
the case. Names will be n