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Reply to "libor rate rigging"
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[quote=Anonymous][quote]"A cesspit." That's how the usually measured Paul Tucker, deputy governor of the Bank of England, described banks' attempts to manipulate the London interbank offered rate, or Libor. Faced by a throng of sound-bite-hungry British Parlamentarians, on Monday Mr. Tucker did a convincing job of rebuffing allegations that the authorities had put pressure on Barclays BARC.LN -1.32% PLC to manipulate Libor, the world's most important interest rate. —Francesco Guerrera is The Wall Street Journal's Money & Investing editor. Write to him at: currentaccount@wsj.com and follow him on Twitter @guerreraf72[/quote] [img]http://si.wsj.net/public/resources/images/MI-BP946_GUERCO_NS_20120709173604.jpg[/img] How long before the US House apologies to the banks? Self regulation indeed! [ Edited to comply with copyright laws. ][/quote]
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