, Columnist
The Real Libor Scandal May Be Who Isn't in Court
The junior troops seem to be getting court-martialed while the generals escape their day in court.
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A London court has just convicted three former Barclays traders of rigging Libor, with sentencing expected later this week. Jonathan Mathew, 35, Jay Merchant, 45, and Alex Pabon, 38, were found guilty of conspiracy with other Barclays employees between June 1, 2005 and August 31, 2007. The real scandal, though, may be the long list of senior bankers and officials who haven't been hauled before a judge to account for their roles -- starting at the very top of U.K. financial markets.