Here we publish a conversation between a London-based trader from another firm and a Barclays submitter - the person who submits the estimates for the rate - from August 2009.
TRADER: Bad boy, I need things.
SUBMITTER: Locked and loaded, Supercheeks.
TRADER: We have another big fixing on Monday and with the market move I was hoping we could set certain Libors as high as possible.
SUBMITTER: Not sure, will investigate.Tweet
TRADER: Star. I also need the Judge Dredd annual 1980.
SUBMITTER: Hmmm. Hang on. [TALKS TO SOMEONE AT HIS END, INAUDIBLE]. We can definitely get you 1981 but 1980 would be tricky.
TRADER: What’s on the cover?
SUBMITTER: Judge Dredd is kind of bursting through the cover. It’s pretty neat.
TRADER: That’s absolutely fine. Something else I was wondering…
TRADER: Tomorrow being Saturday, I could really do with some ‘me’ time.
SUBMITTER: I could take your wife and kids to Legoland?
TRADER: That is uncanny…
SUBMITTER: Just what you were thinking? It’s done.
TRADER: Superstar. Also, do you know why it is that when you scoop a large handful of change out of your pocket, however careful you are you always drop at least one coin?
SUBMITTER: Hang on, let me just check… (ASKS SAME PERSON AS BEFORE; INAUDIBLE). Yup, apparently it’s because that although we can comfortably fill our palms with the coins, we never account for the uncontrollable element of the coins at the top of the pile and that’s why they slip off.
SUBMITTER: Brilliant. While you’re there: a man goes to the doctors, says: “Doctor, doctor, I’ve got a strawberry stuck in my ear.” What does the doctor say?
SUBMITTER (CHECKS AGAIN). Yep, apparently he says: “Don’t worry, I’ve got some cream for that.”
TRADER: Great. That’s been keeping me awake for weeks. I’m asking a lot today, aren’t I?
SUBMITTER: Forget about it, mutton chops. What else?
SUBMITTER: It’s the kiddie characters they threw in. Adult moviegoers didn’t care. They wanted violent chases, as per Mad Max and Mad Max II. And the film was too adult for kids. Lose lose.
TRADER: Damnit, that makes sense. Nearly done now. Can you explain why I should try a macchiato?
SUBMITTER: It’s an espresso with a small amount of milk. So it’s not as brutal as an espresso but it doesn’t require the commitment of drinking a full cup of coffee. Try it, they rock. Frankly, if we weren’t on so much cocaine here we’d be drinking them all the time.
TRADER: Nice doing business with you [NAME DELETED]. Have a great weekend.
SUBMITTER: You, too, bushel britches.
TRADER: Oh, one last thing. You couldn’t re-shoot the ending of Turner and Hooch so the dog doesn’t die? My kid gets really upset.
SUBMITTER: Might take a few weeks but I’ll speak to some people.
TRADER: Awesome. Oh and you know what?
SUBMITTER: You want me to do the same for Marley and Me?
TRADER: Mind reader!Tweet