Armed robbers who stole gems worth an estimated $50 million from Brussels airport may find the diamonds tough to get rid of. Even if they get away with the crime, they may only get a fraction of what the stones are worth.
News this morning that Bob Diamond, the former head of Barclay's bank has given up $30 million in bonuses after resigning over that interest rate rigging scandal. And the scandal has brought up the issue -- yet again -- of whether current regulations on the financial industry are adequate.
Diamond testified before a committee of the British parliament today about charges Barclays manipulated a key interest rate called the LIBOR. The bank's already been fined over $450 million, but it could be just the beginning of the fallout.