There's another dimension to that unfolding LIBOR scandal which cost Barclays, the British bank, its CEO and $450 million in fines after it was revealed that the bank had been manipulating international lending rates. Attention has shifted to why U.S. financial regulators, who knew about the rate rigging, didn't move to stop it more swiftly.
We're going to put that question to Robert Smith, correspondent for NPR's Planet Money. He joins us from New York. Robert, thanks for being with us.
This is WEEKEND EDITION from NPR News. I'm Scott Simon. And it's time now for sports.
(SOUNDBITE OF SPORTS THEME MUSIC)
SIMON: OK, maybe that should be the (hums Olympic theme) because in just a few days, all the pomp and patriotism, the grit and athleticism, the sweat and pomposity of the 2010 Olympic Summer Games begins. Here with a preview NPR's Tom Goldman joins us. Tom, thanks so much for being with us.
TOM GOLDMAN, BYLINE: Did I just hear doves released in the studio there, Scott?