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The Libor Scandal is Going to Run & Run and Run: Pro

Monday, 16 Jul 2012 | 5:00 AM ET

Mary Jo Jacobi, fmr assistant US Secretary of Commerce, told CNBC, "I don't see how we can avoid the Libor scandal blowing up, it is a big scandal you have disclosures from the New York Fed going back to 2008, you have Deutsche Bank turning states evidence in a plea for leniency, who knows where else it is going to go."