Barclays' Bond in 2008: Some Banks Mis-stated Rates

In an interview on May 29 2008 with Bloomberg Television, Tim Bond, then head of asset allocation at Barclays Capital, said that during the financial crisis banks routinely mis-stated borrowing costs to the BBA to avoid the perception they faced difficulty raising funds. This is a reposted exerpt.

Does the ECB Have to Act So Aggressively?
36:50 - David Owen, Jefferies chief European financial economist, discusses the outlook for ECB policy with Bloomberg's Alix Steel on "Bloomberg ‹GO›." (Source: Bloomberg)
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