Emails from the brokers in wall street clearly show that people from within the bank, not the govt, were asking for low ball rates. It was the bank serving its own interest here.
These are the infamous "when I write a book, I'll mention you" / "I hope this never gets written" lines.
Regarding your statement about instructions from on high -you are alluding to the comments by Bob Diamond, head of Barclays, about Tucker, the deputy governor of the bank of England. The full,emails have been released and they show little compelling evidence of instructions, but more of paying attention to the Barclays high borrowing costs, implying lack of confidence.
Emails from the brokers in wall street clearly show that people from within the bank, not the govt, were asking for low ball rates. It was the bank serving its own interest here.
These are the infamous "when I write a book, I'll mention you" / "I hope this never gets written" lines.
Regarding your statement about instructions from on high -you are alluding to the comments by Bob Diamond, head of Barclays, about Tucker, the deputy governor of the bank of England. The full,emails have been released and they show little compelling evidence of instructions, but more of paying attention to the Barclays high borrowing costs, implying lack of confidence.
The rest is fine.
Source: Bbc http://www.bbc.co.uk/news/business-18759479
Trader emails http://www.thedailybeast.com/articles/2012/07/05/barclays-se...