British Government Implicated in LIBOR Banking Scandal

readersupportednews.org, Rolling Stone by Matt Taibbi | Jul. 6, 2012 (News Report)
'This Libor-manipulation story grows crazier with each passing minute.'

Tucker in this version of events was acting as a middleman for the British government, telling Diamond to fake his borrowing rates in order to preserve the appearance of financial stability, for the good of Queen and country as it were.

Read more: http://www.rollingstone.com/politics/blogs/taibblog/libor-banking-scandal-deepens-barclays-releases-damning-email-implicates-british-government-20120704#ixzz1zpV09EME Full Story »

Posted by Dwight Rousu

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Dwight Rousu
4.7
 by Dwight Rousu - Jul. 6, 2012

This email amazes for a few reasons. One, it suggests that Barclays, which is currently carrying the standard in the LIBOR-manipulation scandal, was actually bringing up the rear — that all of the other banks were in on it, and Barclays only attracted the government’s notice because they were last.

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Dwight's Rating

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