If we presume to be a society living under the 'rule of law' then we need our laws to be consistent and enforced uniformly. We need to strip corporate leaders of any 'shield' to their responsibility to follow both the letter and the intent of the law.
Poor London. They may have the Olympics, but the recent LIBOR scandal appears to be strike three in a ballgame full of regulatory gaffes that have left the city's reputation for governance tarnished in the eyes of the world's financial elite.
With 16 banks, including Barclays, being investigated for Libor manipulation and fraud, outrage is entirely appropriate. But when I first read this story, I had a somewhat different reaction due to my own personal Barclays story.
If you are on the House Financial Services Committee or the Senate Banking committee or one of the regulators for the numerous corporations that operate in the financial services sector, you have had very little down time this summer.