Scrutiny Intensifies on Collusion in Rate Manipulation Inquiry – NYTimes.com

Scrutiny Intensifies on Collusion in Rate Manipulation Inquiry – NYTimes.com.

Nader Nazemi-Bank of England

Mervyn King, of the Bank of England, told Parliament he was not informed that Barclays‘ bankers might be breaking the law.

This is fraud on a HUGE scale. LIBOR manipulation is a crime and all the perpetrators should be punished.

While much of the scrutiny surrounding interest rate manipulation has centered on Barclays, regulators have said that traders at the big British bank colluded with rivals to influence a key benchmark.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s