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Response to Tansy_Gold (Original post)

Thu Feb 14, 2013, 12:12 AM

8. RBS Bankers Tell Lawmakers They Thought Libor-Rigging Impossible

http://www.bloomberg.com/news/2013-02-11/rbs-bankers-tell-lawmakers-they-thought-libor-rigging-impossible.html

Royal Bank of Scotland Group Plc executives told lawmakers they believed it was impossible to rig Libor, less than a week after regulators found traders at the lender manipulated the benchmark for more than four years.

“None of us thought of this as a risk that needed this level of attention,” said John Hourican, who resigned as investment-banking head after the fine, told a hearing of the Parliamentary Commission on Banking Standards in London today...

NEED THEY SAY MORE? WELL, THEY DO GO ON AT LENGTH FROM THERE AT LINK....

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