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Barclays was not alone in what they were doing yeah, I think I read on Taibbi's blog that the attention initially came to Barclays because they weren't "juicin
by cb18 14y ago
Barclays was not alone in what they were doing
yeah, I think I read on Taibbi's blog that the attention initially came to Barclays because they weren't "juicing the goose," they then were encouraged to do so to alleviate the disparity in the rates they were reporting relative to the other banks.
postscript- I reviewed the post before submitting( http://www.rollingstone.com/politics/blogs/taibblog/libor-banking-scandal-deepens-barclays-releases-damning-email-implicates-british-government-20120704 http://www.rollingstone.com/politics/blogs/taibblog/libor-ba... )
The scenario described above is as told by the recently resigned Barclays ceo, perhaps not an exemplar of honesty, but it seems plausible.