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Sun Jul 15, 2012, 08:50 PM

Libor scandal: FSA chief Lord Turner to face MPs over rate abuses

Source: U.K. Telegraph

Lord Turner, head of the Financial Services Authority, is today expected to be criticised by MPs for being slow to react to Libor abuses which American regulators picked up nearly five years ago.
MPs will demand to know why the FSA's investigation into Libor started only in 2009 when, according to explosive documents released on Friday, the New York Federal Reserve had evidence of abuses at British banks in 2007 and 2008.


Read more: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9401760/Libor-scandal-FSA-chief-Lord-Turner-to-face-MPs-over-rate-abuses.html



Just heard it in a station break during 60 minutes.

3 replies, 1621 views

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Reply Libor scandal: FSA chief Lord Turner to face MPs over rate abuses (Original post)
lindysalsagal Jul 2012 OP
lovuian Jul 2012 #1
lindysalsagal Jul 2012 #2
midnight Jul 2012 #3

Response to lindysalsagal (Original post)

Sun Jul 15, 2012, 09:16 PM

1. and it is now 2012

talk about covering up

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Response to lovuian (Reply #1)

Sun Jul 15, 2012, 09:24 PM

2. Banking abuses during the shrub pretend presidency

Gee- didn't see that coming.....

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Response to lindysalsagal (Original post)

Sun Jul 15, 2012, 10:01 PM

3. I wonder if our British neighbors across the channel will be able to receive immunity like our

bankers manipulation of information that wielded them lots of money and socialized risk?

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