We Don't Need a Judge Led Inquiry into Libor Scandal: MP

3:45 AM ET Thu, 5 July 2012

"A judicial inquiry is used when we want to know what has happened, in this case we already know what has happened, we have had a full finding by the FSA, this is not about what happened this is what are politicians going to do about it?" John Thurso, member of the treasury select committee, House of Commons, told CNBC.