The former head of the bank Bob Diamond apologized for "reprehensible behavior" in testimony before a British parliamentary committee Wednesday. But he complained the bank had been unfairly singled out for manipulating banking loan interest rates.
Even as it upheld most of the health care law last week, the Supreme Court limited federal power under the Constitution's Commerce Clause. Seventy years ago, an Ohio farmer sought to do the same — and lost.
"We have a profound issue — that is, an industry-wide issue, not just a Barclays issue," Robert Diamond told Parliament members Wednesday. The former head of Barclays Bank resigned Tuesday over a growing interest-rate manipulation scandal.
This year, three-quarters of the country are experiencing some level of drought, and many cities are temporarily banning fireworks. But restrictions may not keep committed revelers from the rush of lighting a fuse.
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