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

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July 3 (Bloomberg) -- 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. (Source: Bloomberg)

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