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

Wednesday, March 21, 2012

Peston BBC Blithering Budget Special

The Reithian qualities of Robert Peston have been much remarked upon here. Yesterday evening he gave us the benefit of his contacts and insight into the budget. As you can see above over a two hour period last night on the Twitter he invited us to call him a “blithering idiot”. Peston, you are a  blithering idiot.

We, along with many people in the City and business, just wish he’d shut up. Today is a good day to try CNBC’s coverage or Jeff Randall on Sky…

Wednesday, March 7, 2012

Mr Scoop Scooped

Given that Robert Peston’s “exclusive” Cable letter was actually in the FT last month, the timing of yesterday’s “leak” looks strange. Most coverage has focused on Cable’s unease about the economy and the government’s lack of a “compelling vision”, but the Beeb and Peston have put the call to break up RBS as the top line.

While one theory is that Cable gave the letter to Peston himself, Guido hears Tom Baldwin was pushing the RBS angle heavily to hacks yesterday evening, so much so that some suspect this was his dog in the fight. Pesto should be more careful when an “exclusive” is dangled in front of his face…


Seen Elsewhere

Guido’s Column | Sun
NUT’s Loony Defence of Status Quo | Jago Pearson
A Dozen Reasons to Be Cheerful | John McTernan
Political Bloggers Are Equal Opportunities Attackers | ConHome
Michael Gove Should Resign | Conservative Women
Sarah Wollaston’s Naming and Shaming of Bloggers | LibDemVoice
Fraser Nelson: Put Your Money on Ed Miliband to Win | Guardian
Guido Fawkes is Too Aggressive | The Times
Ditch Tobacco Plain Packaging | Grassroots Conservatives
What Farage, Boris and Rob Ford Have in Common | William Walter
Labour Spell New Adviser’s Name Wrong | ITV


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Rod Liddle on the loony UN sexism special rapporteur:

“There is more sexism in Britain than in any other country in the world, according to a mad woman who has been sent here by the United Nations.

Rashida Manjoo is a part-time professor of law at Cape Town University in the totally non-sexist country of South Africa (otherwise known as Rape Capital Of The World).

Mrs Magoo has been wandering around with her notebook and is appalled by the sexist “boys’ club” culture here, apparently.

I don’t doubt we still have sexism in the UK. But is it worse than in, say, Saudi Arabia, d’you think, honey-lamb? Or about 175 other countries? Get a grip, you doolally old bat.”



orkneylad says:

What’s he been doing FFS, mining bitcoins?


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