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In the discussion thread: Geithner drawn into Libor scandal [View all]

Response to DeSwiss (Reply #44)

Fri Jul 13, 2012, 07:14 PM

46. The movements were down to support their balance sheets

and not for any other reason. They didn't want their banks to be nationalised. The side effectof that reduced their profits. The beneficeries were traders who may have had advanced knowledge of likely movements up or down.

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