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Seriously...

5. The Lowball Tapes – Hunting the Truth

Seriously...

BBC

Documentary, Society & Culture

4.1885 Ratings

🗓️ 3 March 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

The public had a chance to find out the truth about the Libor scandal in 2012 – but somehow they didn’t. Andy finds secrets kept from MPs and even the juries in the rate rigging trials. Can he find out where the instructions to lowball really came from?

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.

0:44.0

In the final part of the lowball tapes, we dig back to 2012 when MPs had a hint that the

0:49.7

Bank of England and others were implicated in the same misconduct Barclays was fined for.

0:56.4

Amid warnings of an establishment cover-up, MPs accepted the official explanation, but you'll

1:02.0

hear audio recordings that neither they nor the juries in the trials

1:05.9

heard as the finger of blame points even higher.

1:10.9

Please be aware, this program contains very strong language.

1:16.0

Welcome to the lowball tapes.

1:19.0

I'm Andy Verity investigating the secret history of interest rate digging.

1:24.0

You tell me whether those libels are wrong.

1:28.0

So far in this series we've heard about traders in the financial crisis,

...

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