4. The Lowball Tapes – The Overseers
Seriously...
BBC
4.1 • 885 Ratings
🗓️ 3 March 2022
⏱️ 16 minutes
🧾️ Download transcript
Summary
Who was responsible for Libor? It was hailed as the world’s most important number but who was looking after it and were the custodians behaving with integrity? While traders went to prison for rigging interest rates were there orchestrated manipulations of Libor by far bigger players?
Presenter: Andy Verity Producer: Sarah Bowen Music: Oskar Jones
Transcript
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| 0:00.0 | This was an impregnable fortress. The only way you get out was in a wooden box. |
| 0:05.0 | The controversial maximum security prison impossible to escape from. |
| 0:09.0 | And one of the duties of a political prisoner is the escape. |
| 0:12.0 | The IRA inmates who found a way. of a political prisoner is the escape. |
| 0:12.5 | The IRA inmates who found a way. |
| 0:14.5 | I'm Carlo Gableer and I'll be navigating a path |
| 0:19.5 | through the disturbing inside story of the biggest jailbreak in British and Irish history. |
| 0:25.0 | The narrative that they want is that this is a big achievement by them. |
| 0:28.5 | Escape from the maze, listen first on BBC Sounds. |
| 0:35.0 | BBC Sounds. |
| 0:35.0 | BBC Sounds, Music Radio Podcasts. |
| 0:39.0 | Hi, I'm Andy Verity and this is seriously from BBC Radio 4. |
| 0:45.0 | In part 4 of the lowball tapes, we reveal confidential audio and written evidence that bosses |
| 0:51.1 | at the top of the banking system quietly colluded to shift interest rates. |
| 0:56.0 | We also have exclusive evidence unseen by MPs and juries that the Bank of England is implicated on a much bigger scale. |
| 1:04.0 | Welcome to the lowball tapes. |
| 1:11.0 | I'm Andy Verity, investigating the secret history of interest rate reading. |
| 1:18.0 | This is so sick. |
| 1:20.0 | Should be higher? |
| 1:22.0 | Much, much higher. Really? Much, much higher, believe me. |
| 1:27.0 | In the last episode, we heard Barclay's cash trader Peter Johnson, nicknamed PJ, venting his frustration that after the credit crunch began in 2007, |
| 1:36.9 | he kept being instructed to lie and pretend he could borrow much more cheaply than he really |
... |
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