"In late October 2008, several months after Geithner's memo to King, a Barclays employee told a New York Fed representative that Libor rates were still "absolute rubbish."
How about that America, can you feel the sting? Our regulators, as well as the Federal Reserve knew all this was going down...and did nothing.
A cozy relationship? If it had gotten much cozier, they would have needed to get a room.
Fines...Early Retirement? BAILOUT?
It's time "We The People" got the protection and repayment our elected officials owe us for dropping the ball and forgetting they're supposed to be watching out for us...time for the Fed to pass into History...time for a bunch of Political Pimps to apologize in a meaningful way by retiring and/or withdrawing their Candidacy for the November Election!
"Government OF the People-BY the People and FOR the People?"