Libor scandal: Del Missier 'instructed' by Diamond

[muriel_volestrangler]

Source: BBC

Jerry del Missier, who quit as Barclays chief operating officer, is appearing before the Treasury select committee.

Asked if a 2008 phone call from his boss was an instruction to cut the rates Mr del Missier said "yes it was".
...
Barclays has said that Mr del Missier told his traders to cut the Libor interest rate submissions following a misunderstanding over a note sent from Mr Diamond.

Mr del Missier told MPs he acted on the basis of a phone call from Mr Diamond the day before.

Read more: http://www.bbc.co.uk/news/business-18854193

---

Let the blame game begin ...

[Smilo]

1. Wonder if he will get the same treatment

as Diamond did...... we are so sorry to have to bring you here, we are so sorry we have to ask you these questions - please sir, can we have some more.

[Larry Ogg]

2. Maybe they need to know as much as possible…

So they can pass some new laws, and make whatever was done wrong retroactively legal so the psychopath Bob Diamond will appear to be an upstanding and honest banker.