Freddie Mac sues more than a dozen banks over Libor

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Freddie Mac sues more than a dozen banks over Libor

Freddie Mac sues more than a dozen banks over Libor

With all the suits against these cartels one would think the government would revoke any and all banking privileges immediately! How much more abuse can the government stomach each day with new lawsuits popping up against these criminals? 

Makes one wonder what exactly is going on here. Never mind I know.

REUTERS-

U.S. mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest rate known as Libor.

Bank of America Corp, JPMorgan Chase & Co, UBS AG and Credit Suisse Group AG are among the banks named as defendants in the lawsuit.

Freddie Mac, which invested in mortgage bonds and swaps tied to U.S. dollar Libor, claims the banks colluded to rig the benchmark from 2007 to 2010, according to the complaint, which was filed March 14 in U.S. District Court for the Eastern District of Virginia.

[REUTERS]

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