Mendocino County in California sues over LIBOR banking scandal

BEERSmart, smart, very smart! All counties and states should do the same thing as should every homeowner.

Add the rigged LIBOR rates to your foreclosure defense list.

Deceptive Business Practices. Should be tougher to obtain a SJ, wouldn’t you think?

justiceleague00's avatarJustice League

Mendocino County in California sues over LIBOR banking scandal

Mendocino County has filed a lawsuit against a collection of banks accused of manipulating global interest rates, claiming the banks’ actions caused county government and school districts to lose out on investment returns.

The suit, filed in U.S. District Court in San Francisco on Wednesday, adds the county to a growing list of California cities and counties seeking damages they say were caused by banks manipulating LIBOR, a benchmark global interest rate.

 

Also in June:

View original post

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

The Wall Street Code: A Thriller About a Genius Algorithm Builder

Published by VPRO on Nov 4, 2013
The Wall Street Code: a thriller about a genius algorithm builder who dared to stand up against Wall Street. Haim Bodek, aka The Algo Arms Dealer.

From the makers of the much-praised Quants: the Alchemists of Wall Street and Money & Speed: Inside the Black Box. Now the long-awaited final episode of a trilogy in search of the winners and losers of the tech revolution on Wall Street. Could mankind lose control of this increasingly complex system?  Continue reading