Wonkbook: The financial system was systemically corrupt

It wasn't just Barclays lying about Libor. Everybody was lying about it. Citigroup was lying about it. German banks were lying about it. We know a number of banks -- though we don't know exactly who -- are talking to the feds about a settlement. We know HSBC, Deutsche Bank and JPMorgan Chase are being investigated.

By Ezra Klein July 20, 2012