Why Should We Care About The Barclays Scandal?

The banking system has become a casino in which the compensation of its employees is determined by the size of the fees its collects by operating the largest casino in the world.  Employees also benefit from their ability to place bets in the same casino.  This article explains why the incentive system has motivated bank employees to rig the bets that are made in its casino.  The loss of trust in the banking system may be the real casualty of their incentive system.