Barclays Libor Scandal Expands – Why British Taxpayers Will Pay In The End

The Barclays Libor scandal continues to escalate after revelations that senior officials at the Bank of England pressured Barclays to artificially lower the Libor rate.  Documents released by Barclays suggest that U.K. treasury officials pressured Barclays to lower the Libor rate.  This latest development threatens to turn the Libor rate fixing scandal into a showdown […]