Did the NY Fed Know About Barclays Interest Rate Fixing?

[expat_panama]

...Barclays intentionally lost money on mortgage borrower's payments because they wanted to keep secret the fact that they were losing money. Aside from how goofy that sounds, here's Barclay's annual profits in $millions over the past 5 years:

2008 _$6,813
2009 $14,603
2010 _$5,541
2011 _$4,675
2012 $10,216
​

What losses are they exactly hiding here?

Who supplied the numbers for those annual profits over the last five years?...

I did. I thought everyone knew how to get those numbers. I'd offer to show you how to do it but you're talking like you already have better numbers of your own. Do you?

 

[georgephillip]

I'm not sure.
I am sure you are a page or two ahead of me on things Economic.

My point is if your numbers come ultimately from Barclays and they were simultaneously setting and betting on Libor rates in order to disguise the extent to which they were in danger, wouldn't their profit numbers be artificially high?