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2012-07-21 — huffingtonpost.com
The New York Federal Reserve on Friday released documents showing it knew banks were manipulating a key interest rate more than four years ago. The documents, which date back to 2007, show that the Fed became fully aware that banks were lying about their borrowing costs when setting Libor, and chose to take no action against them. The documents will ... source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |