How to get a £90M bonus

[John Channing]

I am surprised this one has gone unnoticed on PFM. It would appear, the answer is simple, you just needed to manipulate Libor

 

[auric]

Covered with some other stuff http://www.pinkfishmedia.net/forum/showthread.php?t=170107&page=57 #852 but lost in the day's news.

 

[colasblue]

Ah but that isn't really the question.

The real question is how do you get yourself into a position to manipulate Libor, and then get away with it?

Hopefully the correct answer is "you can't" otherwise the British financial system degenerates to the same level as "Insert country of questionable credibility"!

 

[Bananahead]

Ah but that isn't really the question.

The real question is how do you get yourself into a position to manipulate Libor, and then get away with it?

Hopefully the correct answer is "you can't" otherwise the British financial system degenerates to the same level as Germany !

They deserve the fine for not having the correct control processes.

 

[TPA]

Wow, thats sports people territory.