In spite of attempts to get to the bottom of the causes of the crisis and propose appropriate remedies, many recommendations that have been proposed have been stalled by both political leaders who can't seem to agree on the appropriate level of regulation.
Forget Bernie Madoff and Enron's Ken Lay -- they were mere amateurs in financial crime. The current Libor interest rate scandal, involving hundreds of trillions in international derivatives trade, shows how the really big boys play.
Barclays' leadership is in crisis mode. The public, shareholders, politicians and business leaders demanded heads roll and now there is a focus for collective condemnation after a week of arguments about who knew what and where the buck stops.