Sunday, July 1, 2012

FSA’s Barclays Report:
Staff Believed Bank of England Sanctioned LIBOR Scam

This is from page 36 of the FSA Notice on the Barclays LIBOR fixing scam:

Robert Peston has identified the senior individual at Barclays to be Bob Diamond and his interlocutor to be Paul Tucker, deputy governor of the Bank of England. If it turns out that, as Guido suspects, the Old Lady was encouraging Barclays to downplay its LIBOR funding costs to help maintain calm, we have a right old regulatory pickle. The Bank was in all likelihood encouraging Barclays to break the rules for the greater good of the City of London…

Hat-tip: Jim Pickard

Read Guido in the Daily Star Sunday

Has Liam Fox bounced Cameron into making Eurosceptic noises? Find out what he is going to say tomorrow in his big speech on Europe. We reveal how MPs plan to get revenge on political journalists and the unbelievable explanation as to why Prezza is hobbling around with a walking stick.

All in today’s Daily Star Sunday. Buy it!


Seen Elsewhere

The Douglas Carswell Shock | Tim Stanley
Carswell is a True Moderniser | Charles Moore
Assembling a New World Order | Henry Kissinger
India’s Modi Bypasses Mainstream Media | Index
Bercow on the Knife Edge | Quentin Letts
Welcome to Mississippi | Conservative Women
LibDems Select Hancock Replacement | Blue Guerilla
Carswell Resigning: “Moment Labour Won Election” | Labour Uncut
Why We Need Change | Douglas Carswell
The Howard Roark of Westminster | Guardian
Carswell, the Clacton Cassandra | James Ford


VOTER-RECALL
Get the book Find out more about PLMR


Douglas Carswell…

“I stab people in the front, not the back.”



Owen Jones says:

We also need Zil lanes.


Tip off Guido
Web Guido's Archives

Subscribe me to:






RSS


AddThis Feed Button
Archive


Labels
Guido Reads
Follow

Get every new post delivered to your Inbox.

Join 1,437 other followers