LiBoR Rate-Rigging During GFC Was Allegedly Coerced by Central Banks
Politicians and policy makers threw individual traders under the bus for actions they were coerced to take action on from the top-down, while at the same time admonishing those 'greedy bankers'.
The story here is that the cbanks have a license to print money but also a license to disinform when they believe it’s in the public interest to do so. The latter is to some degree understandable. Like state-led disinformation during a war. But innocent traders should not have gone to jail.- Isabella Kaminska