Geithner Was Told Of LIBOR Manipulation In 2008

Shahien Nasiripour, Financial Times The Federal Reserve Bank of New York was warned as early as mid-2008 that banks may have been misreporting their Libor borrowing rate to aid their own trading positions, much earlier than previously known. Tim Geithner, then president of the New York Fed and now US Treasury secretary, was told by a senior […]