Bank Lending Scandal - LIBOR

- - Just been watching TV - the "Parliamentary Select Committee's" "face to face" with the BoE and the FSA - what a farse! There was enough "dancing" by those being intervied to create a stage show entitled "How not to become aware of mis-reporting/manipulation - BoE/FSA." Evidently the BoE is NOT a regulatory body , this honour falls to the FSA and as such the BoE were naive as to any possibility of mis-reporting the LIBOR rate and the Barclays (plus others) "less that honest internal proceedures". It was suggested that it was only 2 weeks ago that the BoE became aware of that possibility of mis-reporting - WOW! can you believe it ? The issue was raised initially by the USA FED in 2008 - obviously those concerned in the UKL are not aware of "joined-uo thinking" I guess this is the inevitablle result of handling other people's money !!