Email documents show that U.S. Treasury Secretary Timothy Geithner warned British regulators in 2008, when he was the president of the Federal Reserve Bank of New York, about how the Libor, an important global interest rate benchmark, was calculated and suggested a number of changes. European, Japanese, and American officials are currently investigating a number of banks suspected of rigging the Libor rate in a growing scandal.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- 43 TV shows to watch in 2014
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- Here comes the Pentagon's newest space plane
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Extreme haunted houses: Inside Halloween's most terrifying new trend
- How foreign aid screwed up Liberia's ability to fight Ebola
- The U.S. is about to sell weapons to Vietnam. That's bad news for China.
- The real story behind Deliver Us From Evil
- Gamergate has backfired spectacularly on its nincompoop perpetrators
- America's anti-feminist mega-corporations' toxic disregard for women must stop
Subscribe to the Week