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Deadly Clear 
Good LIBOR is so big it is absurd if it is passed under the carpet as the banks and government seem to be doing. There is a bigger scandal I dont remember what is is called however similar but larger that has gone silent for now. Fraud and corruption at every peel of the onion and step of the ladder. DISGUSTING.
I have to be careful here because I am not to disparage the bank, nor discuss the settlement itself. What I can say is that I did bring a suit against a Wall Street Bank, in which I claimed, among other things, fraud relating to damage to the chain of title and fraud in the inducement based on Yield Spread Premium payments and LIBOR rate rigging. The settlement was very much in favor of me.
I cannot recommend strongly enough that everyone who holds a loan that has been serviced or originated by a Wall Street Bank, or that the mortgage is not properly recorded, or that has been securitized, or that there is a Yield Spread Premium (YSP) listed on their HUD settlement statement, or that the loan is indexed by LIBOR, must bring suit at the earliest possible moment.
Property Rights Law Group
See Wells Fargo v. Horwitz, 12 CH 00069 (Circuit Court of Cook County, Rooney, J.), order of 2/5/13. In this case, the lender was The Home Loan Center. In 2012, Wells Fargo foreclosed, basing its claim on an “assignment” in 2007 from itself to itself. (You read that correctly.) On February 5, 2013, Property Rights Law Group defeated Wells Fargo’s motion for summary
judgment by arguing that Wells Fargo has no standing to foreclose, because the “assignment” is obviously absurd and worthless . Now Wells Fargo does not want to admit defeat, but its only remaining option short of a trial (that it would lose) is to file a motion to dismiss. But that is even less likely to succeed, because a motion to dismiss will be granted only if Property Rights Law Group has failed to state any legal claim, and Property Rights Law Group obviously has stated a good one. Wells Fargo’s attorneys can drag this case out for years, but Mr. Horwitz is secure in his home.