It is said that truth is stranger than fiction and in real life there are several such incidents which have failed to bear a minimum resemblances. Films are supposed to be the manifestation of real life events, however in financial market the situation appears to be different. Often in filmy flicks it’s shown that either the con man or the bank robber absconds with a substantial amount from the bank and build a palatial mansion until and unless the hero breaks the security system and brings those rogues into the police custody after the dissatisfaction arises on crime committed.
However in real life the story is a bit different because in spite of continuously trying to cheat LIBOR and EURIBOR the key market interest rates operating globally there is hardly any such judicious law to tame the players who are involved in such activities. This continuous manipulation of interest rates have been in operation for a very long time and a sense of misdeed is being prevalent. In spite of such fallacy the bankers who had forcefully created bankruptcy in the financial market and economic crisis loomed large on European market where some people had to lose jobs. Hardly such convicted bankers were brought into trail or if they were jailed in some of the countries were released thereon. The deprived states were saved by the taxpayers but those high profile bankers were not jailed why? The reason is that there was a failed prosecution made against those convicted so no such evidence against their misdeeds could be traced.
On the other hand it’s the public anger and disappointment that has brought this crime into limelight and has legalized the banking crime by imposing restrictions thereon.
