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Nice Libor! The staggering secret RBS messages
by Sarah Miloudi on Feb 06, 2013 at 15:51
Senior Yen Trader 2: It's a cartel now in London. They smack all the one year IRS and fix it very high or low.
December 5, 2007:
Yen Manager: Pure manipulation going on.
April 2, 2008:
Senior Yen Trader: Nice Libor. Our six-month fixing move the entire fixing. Hahahah.
The CFTC also published some of the key messages that showed traders finally twigging that Libor fixing may have been picked up on by the authorities:
Yen Trader 1: The BBA called to ask me about that today.
Senior Yen Trader: Really?
Yen Trader 1: Yes.
Senior Yen Trader: They complain?
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