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
- The U.S. Marines are developing laser weapons. Here's why.
- Why the Supreme Court is allowing Texas to hold an unconstitutional election
- Gamergate has backfired spectacularly on its nincompoop perpetrators
- 43 TV shows to watch in 2014
- How 1,000-year lifespans could remake the economy
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Why you should absolutely watch this confounding, wonderful World Series
- Rise of the machines
- 6 things the happiest families all have in common
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