i have to say all the libors are incorrect and they are too low. but on the 29th october 2008, his immediate boss, mark dearlove, reluctantly passed on an instruction from above to take part in the very fraud he d sought to expose. barclays board directors had come under pressure from the top of the financial system. the bottom line is you re going to absolutely hate this. we ve had some very serious pressure from the uk government and the bank of england about this. but it wasn t board directors who got prosecuted or central bankers. instead, the serious fraud office indicted peterjohnson for a much smaller so called interest rate manipulation that the us courts have now decided wasn t illegal and broke no rules.
2008, he told the us central bank all about it. audio: three months libors have come in at 3.53. - so it s much lower than yesterday s. but please don t believe that, its absolute rubbish. i have to say the libors are incorrect and they are too low. but on the 29th october 2008, his immediate boss, mark dearlove, reluctantly passed on an instruction from above to take part in the very fraud he d sought to expose. barclays board directors had come under pressure from the top of the financial system. but it wasn t board directors who
they call it lowballing, and banks later paid billions of dollars in fines for it. in a recorded phone call in october 2008, he told the us central bank all about it. audio: three months libors have come in at 3.53. - so it s much lower than yesterday s. but please don t believe that, it s absolute rubbish. i have to say the libors are incorrect and they are too low. but on the 29th october 2008, his immediate boss, mark dearlove, reluctantly passed on an instruction from above to take part in the very fraud he d sought to expose. barclays board directors had come under pressure from the top of the financial system.