A Moving Wall of Sludge

The recent scandal over the manipulation of the LIBOR (London interbank offered rate) keeps getting bigger. At first it was manipulation committed by Barclay's Bank. But now it seems that many other banks were involved; Bank of America, Citibank, Credit Suisse, and Deutsche Bank and several others were mixed up in it. It seems that the entire global financial system may be crooked. Surprise, surprise? It's no longer a case of a few "bad apples" it's the entire crop that's rotten.