Barclays, a London bank, admitted rigging inter-bank lending rates, which affect all of us when we borrow money from the bank. Barclays chief executive and Romney pal Bob Diamond was set to host a fundraiser for Romney while Mitt was in London for opening ceremonies of the Olympics. But Diamond resigned Barclays and as host of Romney's fundraiser.
Treasury Secretary Timothy Geithner, who was head of the New York Federal Reserve Bank, urged London bankers to reform Libor in 2008.
