I don't understand how this is the contrary of what I'm saying. I agree that they had a pretty good hand on the lowballing issue. That's what I said all along.

I don't understand how this is the contrary of what I'm saying. I agree that they had a pretty good hand on the lowballing issue. That's what I said all along. Everybody understands why they did that, and most would believe that it was at least tolerated by the BoE. So they tried to keep the focus on that issue and use it to sweep the rather more shady collusion business under the rug, at least as far as the wider public and perhaps parliament is concerned. All I'm trying to do here is to make it clear that there are two entirely seperate issues with wholly different motives.