While most commentators are focusing on the lowballing of the LIBOR rates by the banks and others are exploring the behaviour of government, Jock Coats takes the long view.
In his timeline to trouble he argues that the fixing of interest rates is part of how our financial system works.
No one would claim that Jock's views are mainstream. You don't have to agree with him to acknowledge that they are certainly controversial and interesting. Today, MPs will decide what kind of enquiry to hold into the LIBOR affair.
Whatever form that enquiry takes, it would be fascinating to have someone like Jock give evidence.
Perhaps it is time to start a Twitter campaign?
