Friday, July 13, 2012
Now they say they knew about Lloyds too!
"A Barclays employee explained to a New York Fed staff member that â€œBarclays was underreporting its rate to avoid the stigma associated with being an outlier with respect to its LIBOR submissions, relative to other participating banks,â€ the New York Fed said in a statement posted today on its website". (...and now Lloyds too). It seems the NY Fed is about as corrupt as some african countries I've visited. What a bunch of "Bankers".