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July 15th, 2012 
FAKE NEWS for the Zionist agenda The British Parliament’s banking inquiry has raised concerns over revelations made by the Financial Services Authority that many of those involved in the interest rate fixing scandal are former Barclays employees, reported the Independent.
The London Interbank Offered Rate (Libor) is a measure of how much banks charge each other for loans. Libor is set through regular submissions to the British Bankers’ Association and forms the basis of lending rates throughout the world.
The manipulation of Libor has cost Barclays record fines of £290 million. This was followed by the resignation of three top executives, Marcus Agius, the chairman of Barclays, Robert Diamond, Barclays Chief Executive Officer, and Jerry del Missier, Chief Operating Officer and a top deputy to Diamond.
While the Labour Party called for a “full, open judge-led public inquiry”, British MPs agreed on a limited parliamentary investigation into the scandal.
Parliament’s banking inquiry is now to examine claims that there was a culture of rate-rigging in the investment banking division that Diamond ran.
However, John Mann, an opposition Labour Party member of the British Parliament’s Treasury Committee, has said that the inquiry into the scandal is just a “whitewash”.
Furthermore, last week, the Bank of England’s deputy governor, Paul Tucker, said the Barclays scandal was just the tip of the iceberg for City corruption.
ISH/HN/HE
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