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Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...

 
Saddletramp
We Don't Rent Pigs...

User ID: 87490
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07/03/2012 12:21 AM

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Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...
Mutal Assured Destruction they are calling it...

A one way ticket to a MI5 "Bathtub Drowning Incident" I'm calling it...


[link to www.zerohedge.com]

dead

Last Edited by Saddletramp on 07/03/2012 12:31 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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China
07/03/2012 12:26 AM
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Re: Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...
When there is less and less to devour and pillage, rats start cannibalizing.
Saddletramp (OP)
We Don't Rent Pigs...

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07/03/2012 12:27 AM

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Re: Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...
From Zerohedge.com

It's escalating. Following the resignation of Barclays' Chairman this morning, the government announced a twin probe into the Libor system and banking standards; and Bob Diamond (Barclays CEO) is threatening, according to the FT, to reveal potentially embarrassing details about Barclays' dealing with regulators if he comes under fire at a parliamentary hearing on Wednesday over Lie-borgate. Unlike his almost-namesake Jamie Dimon who suffered through the indignity of a congressional probing, Bob has gone all Mutually Assured Destruction with confrontational tactics that could further aggravate the fraught relations between the bank and the authorities. "If he is attacked, he will fight back" seems to be well understood and the key aspect - as we have pointed out - is that if this is pursued too vehemently then the whole house of cards could come down as [regulators and politicians] "likely knew perfectly well those rates were not the ones where banks were prepared to lend to each other". So much was made at the time of several of these short-term liquidity measures as indicative of 'no' stress to the ignorant investing public when credit market participants were well aware of the dismal state of interbank reality - perhaps it is worth a glance at the current levels of Lie-bor (especially relative to EUREPO and CDS curves) to get a sense of just what could happen if the truth was ever allowed out into the public eye. M.A.D. indeed.

drevil
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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07/03/2012 12:29 AM
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Re: Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...
+2
Saddletramp (OP)
We Don't Rent Pigs...

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07/03/2012 12:29 AM

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Re: Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...
When there is less and less to devour and pillage, rats start cannibalizing.
 Quoting: Anonymous Coward 19029014


Absolutely, someone just realized the plane was going down and there was no parachute under his seat...

shark
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Marxist

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07/03/2012 01:29 AM
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Re: Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...
These behaviours are to be expected given the deep mess these banks are desperate to get away from.
Workers of the World, Unite. You have nothing to lose but your chains!
Anonymous Coward
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Canada
07/03/2012 01:31 AM
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Re: Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...
Mutal Assured Destruction they are calling it...

A one way ticket to a MI5 "Bathtub Drowning Incident" I'm calling it...


[link to www.zerohedge.com]

dead
 Quoting: Saddletramp


BoE is too big to fail. They will simply put an executive order on all of this information.
Marxist

User ID: 417423
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07/03/2012 01:34 AM
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Re: Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...
Mutal Assured Destruction they are calling it...

A one way ticket to a MI5 "Bathtub Drowning Incident" I'm calling it...


[link to www.zerohedge.com]

dead
 Quoting: Saddletramp


BoE is too big to fail. They will simply put an executive order on all of this information.
 Quoting: Anonymous Coward 17412103


Basically the system is too lucrative for some, to allow to falter (let alone fail.)
Workers of the World, Unite. You have nothing to lose but your chains!
Anonymous Coward
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07/03/2012 01:39 AM
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Re: Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...
U.S. investigation report on interest rate manipulations Barclays

read it here:

[link to www.cftc.gov]

also including internal emails from traders!!!
MacElroy

User ID: 1246662
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07/03/2012 02:37 AM
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Re: Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...
Well you can forget about this, breaking news says he's now resigned, didn't take "them" long to get him to change his mind it seems.

It's on the breaking bar at the top, no story yet.

[link to www.cnbc.com]
Anonymous Coward
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07/03/2012 02:41 AM
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Re: Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...
Its becoming a Disco Inferno....LOL

Burn Baby Burn...

Chain Reaction...
MacElroy

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07/03/2012 02:48 AM
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Re: Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...
Wonder how big the payoff was to shut him up? Or do you think he changed his mind while trying to breathe with a pistol stuck in his mouth?
Anonymous Coward
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07/03/2012 02:52 AM
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Re: Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...
Saddletramp (OP)
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07/03/2012 10:07 AM

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Re: Barclay CEO Robert Diamond Threatens To Implicate BofE In LIBOR-Gate If Parliament Rakes Him Over The Coals...
Bob Diamond resigned last nate, I guess he took the "Get paid off" option, rather than the "Poor Bastard Drown in the Bathtub" option...

There's a shock...

burnit
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

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