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> The government asked Barclays to falsely report their libor rate at a lower amount. Allegedly

• gaius 14y ago
  Tucker has fallen back on the "no recollection" defence, which is only one step up from "only following orders". Looks like him and Diamond are sacrificing themselves to protect the real power brokers.
  • intended 14y ago
    The emails are available though, so recollection or not it's clear no pressure is being applied. At the same time it's clear that the traders were pushing for rates to be fixed, which is why they got fined.
    • gaius 14y ago
      The story of Thomas Becket is relevant here http://www.bbc.co.uk/history/british/middle_ages/becket_01.shtml http://www.bbc.co.uk/history/british/middle_ages/becket_01.s... "Who will rid me of this turbulent rate?"