WatchThe CFPB is a load of crap that only Iwog would even dare to dream of speaking of as an Obama "Accomplishment", because he's a Liberal schill and the president of ACORN.
...or something.
NEW YORK (CNNMoney) -- Treasury Secretary Tim Geithner suggested ways to prevent banks from manipulating the Libor interest rate in a memo to the Bank of England back in 2008, when he was president of the New York Federal Reserve, according to a copy of the memo published Friday.
The problems with the process 18 major banks use to set Libor -- a benchmark rate set in London that's used to determine trillions of dollars of loans worldwide -- have come into focus in the past two weeks. Barclays (BCS), the U.K.'s No. 2 bank, admitted that its employees regularly manipulated Libor between 2007 and 2009, and has agreed to pay $453 million to U.S. and U.K. regulators.
http://money.cnn.com/2012/07/13/investing/geithner-libor-barclays/index.htm?iid=HP_LN
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You wouldn't be a Liberal Schill for ARON too, are you?