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Libor Rigging



ditchy

a man with a sound track record as a source of qua
Jul 8, 2003
5,205
brighton
So looking at the BBC news this morning , was it our dear Chancellor Gordon Brown who was applying the pressure ?

Libor: Bank of England implicated in secret recording

In the recording, a senior Barclays manager, Mark Dearlove, instructs Libor submitter Peter Johnson, to lower his Libor rates.
He tells him: "The bottom line is you're going to absolutely hate this... but we've had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower."
 






ditchy

a man with a sound track record as a source of qua
Jul 8, 2003
5,205
brighton
Quite right i thought Brown did not take PM until late 2008 . thanks for the correction .
 



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