Subject: Share the View -- When Libor Gets Litigious
From: "Bloomberg View" <[email-masked]>
To: "Hunter" <[email-masked]>
Date: Fri, 13 Jul 2012 09:00:17 +0000

Share the View -- Bloomberg View

A Quick Look at Bloomberg News's Opinion Section for July 13, 2012

THE EDITORS: Libor lawsuits are coming. "If Libor was understated by an
average of only 0.1 percentage point for a year, the discrepancy on the
roughly $400 trillion in interest-rate swaps outstanding at the time
would add up to $400 billion. That's more than a quarter of the
aggregate capital of the 16 banks whose reports were used to calculate
Libor at the time in question." [Read more] And as Hillary Clinton
prepares to visit Egypt, THE EDITORS write, she should continue to help
Egyptian President Mohamed Mursi boost the country's economy, provided
Egypt doesn't "breach its peace treaty with Israel or oppress Egyptian
women or minorities, notably Coptic Christians." [Read more]
  Links:
    1. http://us2.campaign-archive1.com/?u=98bac6cd6075b07f398b277fa&id=81d8231c8e&e=002874f745
    2. http://bloom.bg/PTLJ5N
    3. http://bloom.bg/PU2fmb

STEPHEN CARTER: "In addition to his feats slaying vampires, Lincoln has
loomed large in the second films of both the 'National Treasure' and
'Night at the Museum' franchises. . . . Our fascination with Lincoln
says less about him and his times than it does about us and ours."
[Read more]
  Links:
    4. http://bloom.bg/PTLyr7

JONATHAN ALTER: If a state court "upholds a new Pennsylvania election
law at the end of this month and the decision survives appeal, hundreds
of thousands of voters, many of them Democrats, may be
disenfranchised." [Read more]
  Links:
    5. http://bloom.bg/PU2ayR

JONATHAN WEIL: Former Barclays CEO Bob Diamond's explanation of a
conversation he had with Paul Tucker, the Bank of England's deputy
governor, seems to suggest that Tucker nudged Barclays to underreport
its Libor submission. Lesson: "If you ever think someone in business is
telling you to lie, ask that person to put it in writing." [Read
more]
  Links:
    6. http://bloom.bg/PTLlUW

WILLIAM PESEK: After North Korea's dictator held a screening of Disney
films last week, "you can’t help but ask: Are we actually afraid of
this Kim Jong Un guy?" We should be. "Like Disneyland, North Korea is a
fantasyland -- just without the magic and happy endings." [Read
more]
  Links:
    7. http://bloom.bg/PTLsje

FREDERICK BLOCK: "I feel sometimes like a traffic cop just waving along
an endless flow of prisoners." This excerpt of "Disrobed: An Inside
Look at the Life and Work of a Federal Trial Judge" considers the
hardest part of a judge's job -- sentencing. [Read more]
  Links:
    8. http://bloom.bg/PTLcRi

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