Occupy Trafalgar Square, or Bank, or Monument, or Buckingham Palace, or 10 Downing St ….

“This morning, British investment bank Barclays announced that its CEO Bob Diamond would immediately resign in the wake of a massive fine over manipulating interest rates a few years ago.

Specifically, Barclays has been accused of submitting false numbers about the rate at which it was borrowing money, skewing LIBOR (which is an index measuring the rate at which banks borrow money).

Diamond will be at a government hearing tomorrow, and in preparation for that, Barclays has submitted a stunning letter to the government, basically accusing the Bank of England of being the real conspirator behind the interest rate manipulation scheme.”

Read more: http://www.businessinsider.com/barclays-letter-on-bank-of-england-2012-7#ixzz1zaNqUDVv


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