How Megabanks Corrupt Regulators

If you haven’t been following that other British scandal—not Murdoch, but the interest-rate scandal that made heads roll at Barclays—then you really should be. As Matt Taibbi explains, it’s a neutron-bomb of a revelation that’s caused even hardened cynics to rethink their assumptions about the banking system. It’s as though the people who knew there was gambling going on at Rick’s Café have suddenly discovered it was also a hub for human-trafficking.