Murdoch Defends Diamond via Twitter

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Rupert Murdoch delivered a keynote address at the National Summit on Education Reform on Oct. 14, 2011 in San Francisco, Calif.

Bob Diamond has a friend in Rupert Murdoch. The media mogul took to social media to defend the English banker, saying, “Don't know, but suspect Diamond scapegoat used by old establishment who did not like energetic competitor.” Diamond, 60, quit as CEO of the London-based bank last week after it was fined a record £290 million—that’s $449 million—for trying to rig the interbank offered rate for more than $360 trillion of securities.