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
- Bush vs. Clinton in 2016 is the perfect way to make millennials hate politics even more
- 43 TV shows to watch in 2014
- The latent sexism of the male marriage proposal
- This judge is the reason we're still fighting over net neutrality
- After Ferguson: Stop deferring to the cops
- Is it now OK to have sex with animals?
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- The hilarious hypocrisy of Republicans complaining about the imperial presidency
- Diagnosing the Home Alone burglars' injuries: A professional weighs in
- How to adopt the perfect rescue dog
Subscribe to the Week