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

Rounding Up The Banksters – The LIBOR Rate Scammed Homeowners Too!

Quoting from a Bix Weir email “Alert” – THERE WAS A GRAND CONSPIRACY AMONGST THE LARGEST BANKS IN THE WORLD!  

Larry Doyle’s Sense on Cents has been following the LIBOR scandal in great detail Barclays Libor Scandal: Wake Up, America!!  It’s not just Barclays anymore.

And how does this LIBOR scam affect the American homeowners and foreclosures? Prominent Hawaii foreclosure defense attorney said this, “raises questions about whether Libor Rates charged to many borrowers were all contrived.”   Continue reading