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The PalArse of Westminster

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Exposing the hypocrisy, greed and incompetence of our "respected" elected political "elite".
Showing posts with label liebor. Show all posts
Showing posts with label liebor. Show all posts

Wednesday, 4 July 2012

Bob Diamond Invited To Barbecue



I see that the Treasury have invited Bob Diamond to a barbecue that they are holding this afternoon:
"Bob Diamond is due to be grilled by MPs a day after resigning as Barclays chief executive in the wake of the inter-bank interest rate-fixing scandal."
Sounds like fun!

Thursday, 28 June 2012

The LIEBOR Scandal



Courtesy of The Slog:
"During 2008/9 I worked at a major investment bank which was advising the office of the PM [Gordon Brown] with regard to the developing banking crisis. I was told that No.10 had been calling the UK banks and demanding that they manipulate LIBOR down, as his economics department had determined that if it rose too much it would trigger a recession and he was looking at re-election."
This will run and run!