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News Link • Federal Reserve

Geithner did not show evidence of rigged Libor, British bank official says

• Washington Post
Federal Reserve Chairman Ben S. Bernanke told lawmakers Tuesday that the central bank did all it was required to do after learning in 2008 of the ma­nipu­la­tion of the Libor interest rate, including notifying counterparts in Britain.

But Bank of England Governor Mervyn King, addressing Parliament earlier in the day, said he received none of the evidence of misreporting that the Fed had gathered.

 

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