Re:Libor: Bank of England implicated in secret recording
by milesskorpen on Monday April 10, 2017 @05:45AM
(#14077142)
Not all rules & rule violations are created equal — embezzling money is different than deleting an innocuous email. Also, 'rules' don't mean 'legal requirement' necessarily.
Re:Libor: Bank of England implicated in secret recording
by mannykannot on Monday April 10, 2017 @07:26AM
(#14077541)
Deleting an innocuous email became a rule violation because of all the times a substantive email was deleted under the cover of allegedly being innocuous.
In a nutshell, this is why we're seeing all these financial scandals and stockmarket melt-downs every so many years. Because the perception has become that if you break the rules it is not a serious issue, no matter what level of society you are operating at.
If you start equating speeding with breaking banking rules something is fundamentally wrong (not that speeding is ok, but the impact of say going 10 km over the limit versus wrecking the economy seems to be of a qualitatively different level).