Libor: Bank of England implicated in secret recording
It's not really news; it's always been clear that:<p>1. The Bank of England knew about the Libor rigging as it happened<p>2. And was, <i>at a minimum</i>, very happy with the results (given that it reduced the risk of bank runs imperiling the entire system)<p>3. And that nobody involved really thought this was a serious issue, much less a crime.<p>Putting the above together, it would be surprising if there wasn't some pressure from the Bank of England to push Libor down; why wouldn't they be doing that?  In the circumstances, it would have practically been remiss of them to do otherwise.<p>Of course, it looks absolutely horrific now that we've decided that manipulating Libor is a serious issue that people should go to prison for!