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| Barclays fined for attempts to manipulate Libor rates http://x404.co.uk/forum/viewtopic.php?f=19&t=16739 |
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| Author: | pcernie [ Wed Jun 27, 2012 9:18 pm ] |
| Post subject: | Barclays fined for attempts to manipulate Libor rates |
http://www.bbc.co.uk/news/business-18612279 ' Barclays said the actions "fell well short of standards". Chief executive Bob Diamond is to give up his bonus.' That's like a spoof article quote from Private Eye ffs. |
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| Author: | l3v1ck [ Wed Jun 27, 2012 9:43 pm ] |
| Post subject: | Re: Barclays fined for attempts to manipulate Libor rates |
Just what I was thinking. "I'll give my bonus because I got caught braking the law". What ever happened to falling on your sword? |
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| Author: | jonbwfc [ Wed Jun 27, 2012 9:45 pm ] |
| Post subject: | Re: Barclays fined for attempts to manipulate Libor rates |
whatever happened to being prosecuted when you've been found to have committed a crime? |
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| Author: | rustybucket [ Wed Jun 27, 2012 9:50 pm ] | |||||||||
| Post subject: | Re: Barclays fined for attempts to manipulate Libor rates | |||||||||
Bingo. If I submit the wrong figures on my JSA work declaration form, I don't eat that week. However, if I submit the wrong figures to commit fraud on a gargatuan scale, I get fined a fraction of the money I made. |
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| Author: | jonbwfc [ Sat Jun 30, 2012 1:21 pm ] |
| Post subject: | Re: Barclays fined for attempts to manipulate Libor rates |
Neatly summarising the current situation.. The Now Show Scroll it forward to 19 minutes. |
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| Author: | pcernie [ Sun Jul 01, 2012 1:24 pm ] |
| Post subject: | Re: Barclays fined for attempts to manipulate Libor rates |
http://www.bbc.co.uk/news/business-18663470 As talked about above... |
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| Author: | jonbwfc [ Sun Jul 01, 2012 1:37 pm ] |
| Post subject: | Re: Barclays fined for attempts to manipulate Libor rates |
It seems to me everyone agrees, at least in public, that it should be done just there's no confidence in any of the people in power to actually do it. Jon |
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