The great banking swindle

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  • So is Habib Motani's advice part of the problem in libor's rigging.

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  • Lloyds needs to find new counsel - Shermans is ineffective and mismanaged.

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  • If I were on the Barclays board, I may want to be looking at, oh, I don't know, every single US/UK/European pension fund whose investments/investment decisions etc have been adversely affected by Libor manipulation attributable to them.
    Now that will be a biggy!

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