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.

Is Abe's Plan Putting Pressure on the BOJ to Ease?
02:03 - Neal Soss, Credit Suisse chief economist, discusses the Fed's decision to leave interest rates unchanged and the outlook for BOJ policy with Bloomberg's Scarlet Fu, Joe Weisenthal and Amanda Lang on "What'd You Miss?" (Source: Bloomberg)
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