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ROUBINI: Break Up The Banks Or Hang Someone In The Streets

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In a recent interview, Bloomberg's Caroline Connan asked Nouriel Roubini what he thought about the Barclays LIBOR rate-fixing scandal. Roubini thinks that everything should be done to create disincentives to prevent bankers from acting in bad ways. And currently, the punishments just don't go far enough. "Nobody has gone to jail since the financial crisis. The banks, they do things that are illegal and at best they slap on them a fine. If some people end up in jail, maybe that will teach a lesson to somebody. Or somebody hanging in the streets."

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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