Prosecutors are facing accusations of a “flagrant attempt to scapegoat bankers” in the ongoing persecution surrounding the Libor scandal, suggesting that the legal efforts to hold individuals accountable for the rate-fixing scandal are collapsing under scrutiny. This narrative shifts the focus from individual wrongdoing to a potential systemic overreach by authorities, implying that the pursuit of bankers may be a misguided effort to assign blame for a broader financial crisis rather than a just application of the law. The implication is that the legal framework is faltering, potentially leaving the true architects of the crisis unaddressed while bankers are unfairly targeted.
Adapted from: WSJ.com: Markets
