Wednesday, July 25, 2012

Central Bank's silence over known Libor rigging!

As pointed out on this blog at the time, and again more recently, it can be seen from press reports at the time that the New York Fed and Bank of England knew about false reporting of borrowing rates to fix Libor levels during the 2008 crisis, and that  such rigging can therefore have only been continuing with specific Downing Street approval.

The latest reports from Reuters, dated today and linked here, on Timothy Geithner's own knowledge of these goings on, seems significant in highlighting the hypocrisy in the present reporting of what is essentially the collapse of the West's entire economic system.



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