And what about FSA´s rate rigging?

Sir, Patrick Jenkins and Caroline Binham report “FSA steps up probe into bank rate rigging”, July 20. I just wonder when someone will initiate a probe into FSA´s very own rate rigging.

The FSA must have known that by using capital requirements for banks based on perceived risk, they were effectively rigging the interest rates charged by banks in favor of those perceived as not risky and against those perceived as risky. And the net effect of this rigging is of course immensely larger and damaging than any Libor rigging. 

And if the FSA did not know that, then the really urgent probe should be about the selection process of bank regulators.