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.
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Full Show: Bloomberg Businessweek (05/26)
16:43 - Bloomberg Television takes you behind the scenes of our award-winning magazine "Bloomberg Businessweek." Hosts Carol Massar and Oliver Renick talk with the writers who break news on a weekly basis. (Source: Bloomberg)