Barometer of Fear

The LIBOR affair has been described as the ''biggest banking scandal in history'', a deception affecting not only banks but also corporations, pension funds and ordinary people.

But was this just the tip of the iceberg? Was the scandal the work of a few ''bad apples'' or an inevitable result of a financial system rotten to its core? Labelled ''one of the world''s most infamous rogue traders'' in th...