We now know that U.S. Treasury Secretary Tim Geithner pointed out problems with the way London's key interest rates were set. He did this in 2008, in the midst of the financial crisis. At the time, Geithner was the head of the New York Federal Reserve. Barclays has agreed to pay U.S. and U.K. to settle charges the bank manipulated that interest rate.
Geithner Pointed Out LIBOR Concerns In 2008
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