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LIBOR - Bank of England implicated?

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Hoof Hearted 10 Apr 17 12.34pm
[Link] What a crock of sh1t. Even the BoE have been involved tinkering with the rate in 2008 (and maybe other times too possibly? ) There only statement about it thus far is to say... "Libor and other global benchmarks were not regulated in the UK or elsewhere during the period in question". Last week a high profile retrial acquitted 2 people from Barclays Bank accused of Libor rigging. [Link] Seems to me that financial wrongdoing was rife in the City in 2008 and probably still goes on at the highest levels unchecked.
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Hoof Hearted 10 Apr 17 12.34pm

[Link]

What a crock of sh1t.

Even the BoE have been involved tinkering with the rate in 2008 (and maybe other times too possibly? )

There only statement about it thus far is to say...

"Libor and other global benchmarks were not regulated in the UK or elsewhere during the period in question".

Last week a high profile retrial acquitted 2 people from Barclays Bank accused of Libor rigging.

[Link]

Seems to me that financial wrongdoing was rife in the City in 2008 and probably still goes on at the highest levels unchecked.

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OknotOK Cockfosters, London 10 Apr 17 2.17pm
Originally posted by Hoof Hearted [Link] What a crock of sh1t. Even the BoE have been involved tinkering with the rate in 2008 (and maybe other times too possibly? ) There only statement about it thus far is to say... "Libor and other global benchmarks were not regulated in the UK or elsewhere during the period in question". Last week a high profile retrial acquitted 2 people from Barclays Bank accused of Libor rigging. [Link] Seems to me that financial wrongdoing was rife in the City in 2008 and probably still goes on at the highest levels unchecked. The BoE statement is absurd. How they can think that is a credible response is beyond me. If the BoE was complicit in impacting a rate which artificially irrespective of whether it was specifically regulated at that point it is incredibly serious. And Paul Tucker should be giving evidence to MPs at least and probably to the police to clarify. "It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show
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OknotOK

Cockfosters, London 10 Apr 17 2.17pm

Originally posted by Hoof Hearted

[Link]

What a crock of sh1t.

Even the BoE have been involved tinkering with the rate in 2008 (and maybe other times too possibly? )

There only statement about it thus far is to say...

"Libor and other global benchmarks were not regulated in the UK or elsewhere during the period in question".

Last week a high profile retrial acquitted 2 people from Barclays Bank accused of Libor rigging.

[Link]

Seems to me that financial wrongdoing was rife in the City in 2008 and probably still goes on at the highest levels unchecked.

The BoE statement is absurd. How they can think that is a credible response is beyond me.

If the BoE was complicit in impacting a rate which artificially irrespective of whether it was specifically regulated at that point it is incredibly serious. And Paul Tucker should be giving evidence to MPs at least and probably to the police to clarify.

"It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show

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.TUX. 10 Apr 17 7.22pm
The Bank of England in manipulation shocker From the top down, the financial system has been royally robbing us for decade upon decade and will continue to do so until people wake up. The BoE is not our bank, it's a privately run institution. It prints money (from thin air!) and charges us interest! How much more of a clue does anyone need that it isn't our bank? This system that has been forced upon us is the biggest friggin' heist in history yet very few see the wood for the trees. Oh well. Buy Litecoin.
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.TUX.

10 Apr 17 7.22pm

The Bank of England in manipulation shocker

From the top down, the financial system has been royally robbing us for decade upon decade and will continue to do so until people wake up.
The BoE is not our bank, it's a privately run institution. It prints money (from thin air!) and charges us interest! How much more of a clue does anyone need that it isn't our bank?

This system that has been forced upon us is the biggest friggin' heist in history yet very few see the wood for the trees.
Oh well.

Buy Litecoin.

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Cucking Funt Clapham on the Back 11 Apr 17 2.45pm
Originally posted by .TUX. The Bank of England in manipulation shocker From the top down, the financial system has been royally robbing us for decade upon decade and will continue to do so until people wake up. The BoE is not our bank, it's a privately run institution. It prints money (from thin air!) and charges us interest! How much more of a clue does anyone need that it isn't our bank? This system that has been forced upon us is the biggest friggin' heist in history yet very few see the wood for the trees. Oh well. Very true. Like the fraud of 'quantitative easing', intended to release money into the economy but instead gets parked up by the banks to shore up their otherwise threadbare balance sheets. The whole system is nothing more than an elaborate Ponzi scheme from beginning to end. Wife beating may be socially acceptable in Sheffield, but it is a different matter in Cheltenham
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Cucking Funt

Clapham on the Back 11 Apr 17 2.45pm

Originally posted by .TUX.

The Bank of England in manipulation shocker

Very true.

Like the fraud of 'quantitative easing', intended to release money into the economy but instead gets parked up by the banks to shore up their otherwise threadbare balance sheets. The whole system is nothing more than an elaborate Ponzi scheme from beginning to end.

Wife beating may be socially acceptable in Sheffield, but it is a different matter in Cheltenham

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the_mcanuff_stuff Caterham 11 Apr 17 2.51pm
Originally posted by OknotOK The BoE statement is absurd. How they can think that is a credible response is beyond me. If the BoE was complicit in impacting a rate which artificially irrespective of whether it was specifically regulated at that point it is incredibly serious. And Paul Tucker should be giving evidence to MPs at least and probably to the police to clarify. It is very serious indeed. Given the importance of the financial sector (the City) to London and the UK, this could seriously undermine confidence in the UK for conducting financial business. It must be investigated and fixed ASAP. Following that, there must be a transparent statement (backed up with facts) on what went wrong and how it has been fixed. That is really all anyone cares about. Punish the wrongdoers, yes, but that is secondary to fixing the system.
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the_mcanuff_stuff

Caterham 11 Apr 17 2.51pm

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Originally posted by OknotOK

The BoE statement is absurd. How they can think that is a credible response is beyond me.

It is very serious indeed. Given the importance of the financial sector (the City) to London and the UK, this could seriously undermine confidence in the UK for conducting financial business. It must be investigated and fixed ASAP. Following that, there must be a transparent statement (backed up with facts) on what went wrong and how it has been fixed. That is really all anyone cares about. Punish the wrongdoers, yes, but that is secondary to fixing the system.

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pefwin Where you have to have an English ... 11 Apr 17 3.49pm
Quite shocking, personally know of 20-30 multi million deals during the period where LIBOR + X% was used as an interest rate. "Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support."
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pefwin

Where you have to have an English ... 11 Apr 17 3.49pm

Quite shocking, personally know of 20-30 multi million deals during the period where LIBOR + X% was used as an interest rate.

"Everything is air-droppable at least once."

"When the going gets tough, the tough call for close air support."

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Cucking Funt Clapham on the Back 11 Apr 17 5.21pm
Originally posted by pefwin Quite shocking, personally know of 20-30 multi million deals during the period where LIBOR + X% was used as an interest rate. Does this mean we could soon be seeing you sewing mailbags, Peffers? Wife beating may be socially acceptable in Sheffield, but it is a different matter in Cheltenham
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Cucking Funt

Clapham on the Back 11 Apr 17 5.21pm

Originally posted by pefwin

Quite shocking, personally know of 20-30 multi million deals during the period where LIBOR + X% was used as an interest rate.

Does this mean we could soon be seeing you sewing mailbags, Peffers?

Wife beating may be socially acceptable in Sheffield, but it is a different matter in Cheltenham

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.TUX. 11 Apr 17 6.51pm
Originally posted by Cucking Funt Very true. Like the fraud of 'quantitative easing', intended to release money into the economy but instead gets parked up by the banks to shore up their otherwise threadbare balance sheets. The whole system is nothing more than an elaborate Ponzi scheme from beginning to end. Absolutely. More rigging....... [Link] Buy Litecoin.
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.TUX.

11 Apr 17 6.51pm

Originally posted by Cucking Funt

Very true.

Like the fraud of 'quantitative easing', intended to release money into the economy but instead gets parked up by the banks to shore up their otherwise threadbare balance sheets. The whole system is nothing more than an elaborate Ponzi scheme from beginning to end.

Absolutely.

More rigging.......

[Link]

Buy Litecoin.

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pefwin Where you have to have an English ... 11 Apr 17 7.47pm
Originally posted by Cucking Funt Does this mean we could soon be seeing you sewing mailbags, Peffers? No Funty, I am afraid that I am an honest dupe. The entities are mostly defunct part of the reason for the deal but if any still exists I suggest that they should be speaking to their lawyers. Done over by some on here who stated "LIBOR did not matter", I suggest a closer look at those for sewing maibags. "Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support."
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pefwin

Where you have to have an English ... 11 Apr 17 7.47pm

Originally posted by Cucking Funt

Does this mean we could soon be seeing you sewing mailbags, Peffers?

No Funty, I am afraid that I am an honest dupe.

The entities are mostly defunct part of the reason for the deal but if any still exists I suggest that they should be speaking to their lawyers.

Done over by some on here who stated "LIBOR did not matter", I suggest a closer look at those for sewing maibags.

"Everything is air-droppable at least once."

"When the going gets tough, the tough call for close air support."

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croydon proud Any european country i fancy! 11 Apr 17 8.41pm
Bank of england have been taking lessons from the bullingdon club boys obviously, lord snooty cameron, boris billy bunter, and six jobs osbourne and the uber scandal,its only business ,no prison terms here, only business,,,,,,
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croydon proud

Any european country i fancy! 11 Apr 17 8.41pm

Bank of england have been taking lessons from the bullingdon club boys obviously, lord snooty cameron, boris billy bunter, and six jobs osbourne and the uber scandal,its only business ,no prison terms here, only business,,,,,,

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Hoof Hearted 12 Apr 17 10.55am
Originally posted by croydon proud Bank of england have been taking lessons from the bullingdon club boys obviously, lord snooty cameron, boris billy bunter, and six jobs osbourne and the uber scandal,its only business ,no prison terms here, only business,,,,,, I think you'll find that in 2008 the likes of Brown, Darling and Mandelson were the primary drivers... setting up the bailouts of RBS, Lloyds and Northern Rock and piling pressure on the BofE to reduce interest rates and start the QE programme. You can't even blame Blair for starting this let alone the Tories!
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Hoof Hearted 12 Apr 17 10.55am

Originally posted by croydon proud

I think you'll find that in 2008 the likes of Brown, Darling and Mandelson were the primary drivers... setting up the bailouts of RBS, Lloyds and Northern Rock and piling pressure on the BofE to reduce interest rates and start the QE programme.
You can't even blame Blair for starting this let alone the Tories!

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OknotOK Cockfosters, London 12 Apr 17 11.33am
Originally posted by Hoof Hearted I think you'll find that in 2008 the likes of Brown, Darling and Mandelson were the primary drivers... setting up the bailouts of RBS, Lloyds and Northern Rock and piling pressure on the BofE to reduce interest rates and start the QE programme. You can't even blame Blair for starting this let alone the Tories! All a bit cyclical but it is pretty easy to attribute much of the blame to the system. Which was definitely Tory created. And the lite-touch regulation that was in place was fought tooth-and-nail by the Tories whenever Labour did try and implement it. But they're all thieving ba$tards so it isn't really worth arguing the point too much. "It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show
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OknotOK

Cockfosters, London 12 Apr 17 11.33am

Originally posted by Hoof Hearted

All a bit cyclical but it is pretty easy to attribute much of the blame to the system. Which was definitely Tory created. And the lite-touch regulation that was in place was fought tooth-and-nail by the Tories whenever Labour did try and implement it.

But they're all thieving ba$tards so it isn't really worth arguing the point too much.

"It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show

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