Article 7 - Bank Regulation

Article 7 - wonders if stronger regulation of banks is required after the Barclay's interest-rigging scandal in the UK. The following article: "Frank Calls LIBOR Scandal 'Outrageous' discusses US Congressman Barney Frank's strong rebuke of the British financial scandal opens up the question of how much control should the government wield over financial systems in general - or is a "market" based system more beneficial?

Again, in your case for or against this concept you need to do the following -

• Summarize the main point of the article and identify which position you take (AFFirmative or NEGation)
• Use evidence from at least 2 other sources to support your evaluation of the argument put forth in the original piece
• Use appropriate quotation format and cite your sources
• Write 300-500 words (proofreading is critical)