Matt Taibbi, a contributing editor for Rolling Stone, cites the Libor scandal as the biggest Wall Street-related story of 2012 in this “Viewpoint” Web exclusive. The ongoing investigation into possible rate-rigging is embroiling banks around the globe.

“If it’s true that the 16 biggest banks in the world were fixing global interest rates, then it’s hard not to argue that that’s not the biggest financial corruption case in history,” Taibbi says. “I fully expect that we’ll find out in the end that American banks were involved in this scandal.”