Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Ben Chu: Grand Theft Libor

Ben Chu
Wednesday 27 February 2013 19:45 EST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Outlook It's a pity Lord Turner didn't get the Bank of England job, because he would probably have produced better soundbites than Mark Carney will.

The chairman of the Financial Services Authority, who famously described a good chunk of City activity as "socially useless", said that one of the factors behind the Libor scandal was the amoral "computer game" mentality of the trading floor. The problem, though, with this analogy is that it maligns computer game players.

Yes, they may be unlovely cheaters. But gamers don't collect multibillion-pound bonuses for completing Grand Theft Auto 5.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in