So... is there anyone on this forum who knew what Libor Rates were before last week?

This huge raft of bad press for Barclays is coming at a very unfortunate time. Britain depends on its banking sector to a far greater degree than most companies.

As for Mr Diamond - the argument in favour of executives drawing a huge salary is that they shoulder a huge burden of responsibility for their companies. So why is Mr Diamond not shouldering that burden now?

What are the conspiracy theories surrounding this? Why has it all come to light now, rather than about 4 years ago? The Olympics are coming up and Barclays are one of the major sponsors, but in the public eye their name is mud.

And does it actually make much difference to society as a whole?