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Economy
In reply to the discussion: Weekend Economists Ride With Sally into the Sunset July 27-29, 2012 [View all]Demeter
(85,373 posts)65. Libor scandal: Diamond gave fix order, says former right-hand man
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9404454/Libor-scandal-Diamond-gave-fix-order-says-former-right-hand-man.html
Jerry del Missier, former chief operating officer at Barclays, told the Treasury Select Committee that Mr Diamond had clearly told him in October 2008 to get our Libor rates down.
The disclosure came as the former Barclays boss was branded as being less than candid with MPs over the Libor scandal.
Mr Diamonds testimony from last week - that Mr del Missier asked traders to lower Libor in October 2008 after misinterpreting an email - was crushed by Mr del Missiers claims that the order was relayed to him in a telephone conversation.
Mr del Missier, the third of the three senior directors ejected from Barclays to be grilled by MPs over the scandal that cost the bank £290m in fines, confirmed that he had given the low-balling orders. MORE
Jerry del Missier, former chief operating officer at Barclays, told the Treasury Select Committee that Mr Diamond had clearly told him in October 2008 to get our Libor rates down.
The disclosure came as the former Barclays boss was branded as being less than candid with MPs over the Libor scandal.
Mr Diamonds testimony from last week - that Mr del Missier asked traders to lower Libor in October 2008 after misinterpreting an email - was crushed by Mr del Missiers claims that the order was relayed to him in a telephone conversation.
Mr del Missier, the third of the three senior directors ejected from Barclays to be grilled by MPs over the scandal that cost the bank £290m in fines, confirmed that he had given the low-balling orders. MORE
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Countrywide Investigator Fired for Doing Her Job While Rampant Fraud Was Concealed
Demeter
Jul 2012
#23
i did -- it was wonderful -- and i love burt lancaster... we love ya hotler -- Peace be with you
xchrom
Jul 2012
#54
But wait, Mayors now can dictate how and what we feed our babies. We are saved! n/t
kickysnana
Jul 2012
#77