Libor: Bank of England implicated in secret recording
It's not really news; it's always been clear that:1. The Bank of England knew about the Libor rigging as it happened2. And was, at a minimum, very happy with the results (given that it reduced the risk of bank runs imperiling the entire system)3. And that nobody involved really thought this was a serious issue, much less a crime.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.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!