The main obstacle facing such a group settlement is a hesitancy on the part of the investment banks to work together in the fevered atmosphere surrounding the Libor investigations. Negotiations and haggling could drag on for some time and a resolution was far from certain, the banker said.

The fact that each bank possibly had to settle with a different group of regulators, and that the charges were different in each case also made the chances of success of such a settlement small, a source at one of the banks being probed said.

So are we arresting Geithner & Dimon or is that to much Hope & Chage? The main regulator of these large banks in Geithner who did not see the housing crisis and when he was informed about the LIBOR in 2008 we are finally dealing with it in 2012 but he still got a job and President Obama who is usually full of words has not spoke about the rigging of something that effect over $300 trillion. So what a .25% makes $300 trillion?

And we wonder why no prosecution of bankster in the housing crisis!

MF Global Holdings, the New York-based brokerage run by former Goldman Sachs Group Inc. (GS) ( GS) Co-Chairman and New Jersey Governor Jon Corzine until he resigned Nov. 4, filed the eighth-largest U.S. bankruptcy after a $6.3 billion trade on European bonds led to margin calls.