Matt Taibbi: The furor is over revelations that Barclays, the Royal Bank of Scotland, and other banks were monkeying with at least $10 trillion in loans (The Wall Street Journal is calculating that that LIBOR affects $800 trillion worth of contracts). The banks gamed LIBOR for two semi-overlapping reasons. As noted here last week, there … Continue reading Why is Nobody Freaking Out About the LIBOR Banking Scandal?