The WSJ reports that British prosecutors have charged three former Barclays traders with LIBOR manipulation. What's more interesting in the article is the preference that UK based defendants and potential defendants have in being charged in the UK than the US due to harsher penalties in the US. We've heard of forum selection but this takes it to a new level. Anecdotally, is anyone keeping a tally of the number of individuals charged with respect to LIBOR compared to the housing crisis?
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