USA Today -- 5 banks guilty of rate-rigging, pay more than $5B
"Once again the actual perpetrators and criminal architects of the fraud scheme will avoid criminal liability," said Gurulé, now a University of Notre Dame law professor. "While the payment of these large fines may help to reduce the federal deficit, such penalties will do little to change the pervasive culture of corruption that currently exists in the banking sector. Real change will only occur when corrupt bank officials are indicted, convicted and sent to prison for their crimes."
