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In reply to the discussion: Geithner drawn into Libor scandal [View all]DeSwiss
(27,137 posts)9. ''....he proposed remedies that would end those manipulations...''
When he discovered the manipulations his job wasn't to propose remedies but to report the crime!!!
Rigging the interest rates that determine your and my credit card and mortgage rates isn't an in-house policy, it's a crime to rig and manipulate these rates. Timmeh knew Barclays was not setting rates and reporting them properly to LIBOR but instead of worrying about US and international laws being broken, he proposes ways to cover it up so they don't to get caught.
Geez.
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Geither had just been appointed in 2008, and it sounds like he gave reasonable advice. There is no
pnwmom
Jul 2012
#14
1) NY Fed knew for at least a year before any sort of memo was sent. 2) Nothing was said publicly.
leveymg
Jul 2012
#51
Where have you pulled "he discovers that Barclays is not giving accurate information" from?
muriel_volestrangler
Jul 2012
#32
But the OP gives the distinct impression that you think the article indicates he did something wrong
drm604
Jul 2012
#12
The $200 billion bail-out for predator banks and Spitzer charges are intimately linked
midnight
Jul 2012
#27
new WaPo headline: Geithner made recommendations on Libor in 2008, documents show
maddezmom
Jul 2012
#37
Yep, that was a better headline, more information with the same conclusion...
MrMickeysMom
Jul 2012
#41