A secret recording that implicates the Bank of England in the Libor rigging scandal has been uncovered by the BBC’s Panorama programme. Libor is the rate at which banks lend money to each other and it sets a benchmark for mortgages and loans for regular customers. The 2008 recording adds to evidence the central bank repeatedly pressured commercial banks during the financial crisis to push their Libor rates down.
Please subscribe HERE http://bit.ly/1rbfUog
World In Pictures https://www.youtube.com/playlist?list=PLS3XGZxi7cBX37n4R0UGJN-TLiQOm7ZTP
Big Hitters https://www.youtube.com/playlist?list=PLS3XGZxi7cBUME-LUrFkDwFmiEc3jwMXP
Just Good News https://www.youtube.com/playlist?list=PLS3XGZxi7cBUsYo_P26cjihXLN-k3w246