LIBOR Rate-Fixing Scandal Sets Off Investigations, Lawsuits Against Big Banks

[DeSwiss]

Published on Aug 10, 2012 by TheRealNews

Cities around the country, from Baltimore to Oakland, are taking legal action against the banks responsible for suppressing the London interbank offered rate, Libor. And some 75% of major cities involved in libor-tied interest-rate swaps stand to reclaim taxpayer losses in addition to libor-backed mortgage holders who lost money on the rate's manipulation.

More news at http://therealnews.com

[sabrina 1]

1. And we wondered where all the money went. Law suits, I hope there are criminal prosecutions.

Still waiting for one single prosecution for the greatest Bank Heist in history.

[DeSwiss]

2. The only way I can see criminal prosecutions happening.....

...is if we start prosecuting the ''regulators'' for malfeasance in office. If not outright bribery.

- They can start here ------>

[sabrina 1]

3. There isn't really any other word for it. 'Bribery'.

All these crimes are ignored because they are 'too big to prosecute'. It's infuriating.

[99th_Monkey]

4. Like George Carlin said, "They gotcha by the balls" ~nt

[dreampunk]

5. The woman's glam shot is the link to more info -

Seems her bonafides is real good. Even worked for the best Republican the Dems ever ran for president!

served in various roles as a financial services regulator in the administrations of Ronald Reagan, George H. W. Bush, and Bill Clinton

I'd pretty much say the woman has a stellar criminal background, wouldn't you?

[DeSwiss]

7. Best ''Wall Street Cred'' I've ever seen, bar none.

- Why you'd have to go to Granville County, North Carolina to find anyone with credentials as good as hers......



[center]Now, this is how you deal with bankers.
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[Mosaic]

6. Great news

We all need to aim to break up all the big AND central banks. Everything must be democratized.