John Carney explains criminal law related to Liborgate. John is a bank lawyer. In his former position he would have been advising banks about such matters. He cites the statutes.
Read it at CNBC NetNet
Libor: What Criminal Charges Are Likely?
by John Carney | Senior Editor
2 comments:
It is pretty clear that "unofficial" instructions came from Whitehall to BOE to Diamond to del Missier to do the dirty deed.
See Bank of England deputy governor Paul Tucker fights Libor accusations - as it happened and Barclays: FSA regulator criticises 'culture of gaming'
It's not like that Tsy and cb exist in a vacuum. The heads of the big banks have the heads of the cb and Tsy's phone umbers and communication is two-way. This is how corporate states operate. And these people just move from one office to another with different titles on the door.
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