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
It is pretty clear that "unofficial" instructions came from Whitehall to BOE to Diamond to del Missier to do the dirty deed.
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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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