Secret Recording Implicates Bank of England In Libor Rigging

Jon Alternative Media, Blogosphere, Corruption, Economy

While it may seem like yesterday, it was nearly five years ago that the Libor scandal first broke, and with it brought scandalous suggestions that none other than the Bank of England was implicated.
As we first reported in July 2012, according to Barclays then CEO Bob Diamond, it was high level individuals at the BOE who may (or may not) have been aware that Libor had been “manipulated” and were (or were not) also active in the setting process:
BARCLAYS SAYS BANK OF ENGLAND CALLED ON OCT. 29, 2008 ON LIBOR BARCLAYS SAYS DIAMOND MADE NOTE OF CALL; RECEIVED CALL FROM PAUL TUCKER BARCLAYS SAYS TUCKER SAID `CERTAIN’ BARCLAYS DIDN’T NEED ADVICE; SAID LIBOR DIDN’T ALWAYS NEED TO BE SO HIGH And yet, concerned about how deep the rabbit hole would go if a central banker was implicated, Diamond tried to cover it up:

This post was published at Zero Hedge on Apr 10, 2017.