Skip to main content

In manipulation cases, "everybody's doing it" is no excuse

From the natural gas index scandal of the early 2000s to the Libor-rigging cases of today, it's always the junior employees who go to jail while bosses walk, Vincent Kaminski observes

Vince Kaminski
Vincent Kaminski

"The buck stops here." It is one of the most frequently used idioms in American English; it means the process of passing the blame has ended, and full responsibility has been accepted. The origins of this expression are murky, but the most likely explanation is that poker players in the Old West were passing around a deck of cards with a buckhorn knife and the person willing to deal would say that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Want to know what’s included in our free membership? Click here

Show password
Hide password

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here