Quote:
Originally Posted by Jesus H Christ
Exactly, Brits are an odd bunch never understood why they habitually point fingers at others as shit like this happens.:
In short, the Bank of England instructed Barclay's to lie about their borrowing rate. Meaning, the lower the rate, the more you look stable to the outside world and your shareholders. They just straight-up lied to everyone.
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This story is moving fast - The people responsible are being fired (aka resigning) and it looks like the serious fraud office are going to press charges.
There is a bit of a rebellion going on in the UK at the moment against this sort of thing.
We have had the attitude here that people in positions of power know best and they are only doing it for our own good, even if it looks bad at the time. That seems to be changing.