Fannie Mae Seeks $800 Million In Libor Manipulation Suit

Justice League logo Reblogged from Justice League:

Fannie Mae is staying on the offensive against Wall Street.

Fannie Mae is reportedly suing nine banks for a total of about $800 million over alleged manipulation of the benchmark London interbank offered rate (Libor), the average interest rate estimated by leading banks in London that they would be charged if borrowing from other banks. Continue reading

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