Quote:
Originally Posted by 911-32
1. Barclays concluded others were falsely putting in low submission to flatter their own liquidity position and so joined the club.
2. ...........And if the net effect was to lower a floating interest rate benchmark, is the level of excitement warranted?
3. Yes, systematic dishonesty should be punished.
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1. Where did you read this?
2. Didn't jyl say the net effect was raising interest rates?
3. I agree, and perhaps as hinted at they should be paying their victims back.