Libor keeps getting better.

The New York Fed knew. Tim Geithner knew.

This one is going to run and run…..

3 thoughts on “Libor keeps getting better.”

  1. the great redacto

    One can almost hear the conversation: “Hello, FSA. What’s that? Barclays fixing Libor, did you say? Others too? Good gracious, I’m astounded such a thing could happen. Are you sure something needs to be done about…oh, very well then…”

  2. Perhaps some of this is down to simple words – if a chap from the BoE rings up and says ‘We need to fix Libor’ does he mean mend the way it is calculated or stabilise the figure?

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