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

Sack David Ward | LibDem Voice
David Ward Condemned for Rocket Support | BBC
LibDem MP Backs Rocket Attacks | Indy
LibDem MP: I Would Bomb Israel | ITV
A Bold Plan to Reform Welfare | Ruth Porter
Clinton’s Busty Mistress Nicknamed ‘Energizer’ | Mail
Photo Analysis of Miliband’s Obama Visit | Buzzfeed
Dave Shouldn’t Have Moved Gove | Michael Howard
Bercow’s Nightmare | Alex Wickham
Miliband Abandons Britain to Meet Obama | Sun
Tequila-Quaffing Chat Show Plonker Clegg | Quentin Letts


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Westbourne-Change-Opinion Guido-hot-button (1)


Owen Paterson lifts the lid on the Green Blob:

“I received more death threats in a few months at Defra than I ever did as secretary of state for Northern Ireland.”



Flight Watch says:

Russia Today is a cauldron of bullsh*t. The only people that take it seriously are deluded conspiracy theorists. Other RT journos have resigned citing the same reasons.

It’s about as believable as Press TV, KCNA of North Korea or the Daily Mirror.


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