Could Michael Spencer NOT have been aware of LIBOR manipulation?
Talking to a close friend last night, we laid a bet on how long it would take to wind up the Banker pr machine in order to start salting the media ground with ‘don’t bash bankers’ bollocks. I said (from yesterday) 72 hours. He thought five days. Already this morning, he’s lost. I’ve counted five already, and as you might expect, the Torygraph has two of them. The first of these by Robert Watts is standard issue stuff, and not likely to increase the collar-temperature too much. But Iain Martin in his piece sums up the Westminster hypocrisy to a tee. As I blogged last week, when the political dimension of LIBOR starts leaking out, then we really shall see some fun and games
full article at source: http://hat4uk.wordpress.com/author/hat4uk/
- Exclusive: Top Tories dragged into banking scandal (independent.co.uk)
- Does Barclays Libor scandal affect me? (guardian.co.uk)
- Barclays pays a heavy price for falsifying its LIBOR submissions | Eagle fried (economist.com)