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Posts Tagged ‘when did Libor price fixing begin’

Libor Scandal: Trader Highlights Manipulation in 1991

Posted by Larry Doyle on July 27th, 2012 10:03 AM |

When did the scandalous manipulation of the London Interbank Overnight Rate, that is Libor, really begin?

I have posed that question often over the course of the last month. E-mails emanating from Barclays point to manipulation of Libor back in 2005.

The industry and regulators would clearly like to keep the focus of this scandal to the crisis period of 2008. Why is that? The excuse of, “We were trying to save the system” would seem to provide a very wide cover for all parties involved. But, again I ask, when did it really begin?¬† (more…)

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