Report Says Libor-Tied Losses at Fannie, Freddie May Top $3 Billion

Categorized | STOP FORECLOSURE FRAUD

Report Says Libor-Tied Losses at Fannie, Freddie May Top $3 Billion

Report Says Libor-Tied Losses at Fannie, Freddie May Top $3 Billion

When the banks are finished destroying the planet, only then will the government wake up! It will wipe them out too.


WSJ-

Fannie Mae FNMA and Freddie Mac FMCC may have lost more than $3 billion as a result of banks’ alleged manipulation of a key interest rate, according to an internal report by a federal watchdog sent to the mortgage companies’ regulator and reviewed by The Wall Street Journal.

The unpublished report urges Fannie and Freddie to consider suing the banks involved in setting the London interbank offered rate, which would add to the mounting legal headaches financial firms such as UBS AG UBSN.VX  and Barclays BARC.LN  PLC face from cities, insurers, investors and lenders over claims tied to the benchmark rate.

[WALL STREET JOURNAL]

 

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8610 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

2 Responses to “Report Says Libor-Tied Losses at Fannie, Freddie May Top $3 Billion”

  1. Charles Reed says:

    Hey stupid Federal Government who has seized Fannie & Freddie and bailed them out to the tune of $190 billion. The crisis started because all the subprime Adjustable Rate Mortgage (ARM) are attached to the LIBOR adjusted to were the home owners could not pay the payments, and now since 2007 the clowns in the White House have not voided all those contracts?

    In the last week we got not one but two major banks fined $1.9 and $1.5 billion because they RIGGED the rate.

Trackbacks/Pingbacks

  1. […] Meanwhile, Report Says Libor-Tied Losses at Fannie, Freddie May Top $3 Billion […]


Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com
Kenneth Eric Trent, www.ForeclosureDestroyer.com

Archives