Thursday, July 12, 2012 9:29:29 PM NEWS ALERT Geithner drawn into Libor scandal Documents obtained by The Washington Post show that Timothy F. Geithner, in an e-mail dated June 1, 2008, made six recommendations to the head of the Bank of England to reform the London interbank offered rate, known as Libor, while he was president of the Federal Reserve Bank of New York. With the scandal over the alleged ma­nipu­la­tion of Libor, a critical global interest rate, threatening to migrate from London to Washington, pressure is growing on Geithner and other U.S. banking regulators to demonstrate they took action when they learned of possible problems with Libor. Read more at: http://www.washingtonpost.com/business/economy/geithner-drawn-into-libor-scandal/2012/07/12/gJQArDhbgW_story.html Or visit washingtonpost.com . SEND TO A FRIEND UNSUBSCRIB...

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    Thursday, July 12, 2012 9:28:40 AM NEWS ALERT Penn State's most powerful failed to protect children, Freeh report finds In a report released this morning, former FBI Director Louis Freeh writes that "the most powerful men at Penn State failed to take any steps for 14 years to protect the children who [former Penn State assistant football coach Jerry] Sandusky victimized. Messrs. Spanier, Schultz, Paterno and Curley never demonstrated, through actions or words, any concern for the safety and well-being of Sandusky's victims until after Sandusky's arrest." Mr. Freeh will give a news conference at 10 a.m. Watch live at http://www.washingtonpost.com/live/video-2 Read more at: http://liveblog.washingtonpost.com/2012/07/12/freeh-report-released-on-penn-states-handling-of-jerry-sanduskys-child-sex-abuse/#liveblog-entry-1746 Or visit washingtonpost.com . ...