The document discusses calls to separate investment and commercial banking activities (Glass-Steagall style reforms) in the wake of rate-rigging scandals at Barclays. However, it argues that politicians should have a more informed understanding of the actual impacts of rate manipulation before pursuing major regulatory changes. While dishonesty is unacceptable, the response should consider the real-world consequences. If the impacts were small, it may not justify breaking up universal banks, but more analysis is needed given the important role banks play in providing credit. Emotional reactions risk overgeneralizing from this specific case.