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The Libor scandal looks like it might be causing a bit of a fallout between British and American...

The Libor scandal looks like it might be causing a bit of a fallout between British and American financial authorities. The BOE releases emails which back up its assertions that while Timothy Geithner might have called for steps to strengthen Libor's credibility in 2008, he didn't make any allegations of wrongful behavior despite Barclays (BCS) admitting to the NY Fed it was reporting artificially low rates.
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  • kmi
    , contributor
    Comments (4312) | Send Message
     
    Yes and when LIBOR manipulation was being alleged in '08 we here in the US were waiting for the BOE to look into it and file charges since its their back yard.

     

    And it took em 4 years.

     

    In the meantime we dealt with what we got assuming that regulatory authorities were doing their job and were not completely irresponsible and incompetent.
    20 Jul 2012, 08:45 AM Reply Like
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