I guess my point is the municipalities may sue the banks too.
and with so many municipalities on the verge of bankruptcy due to the hedging instruments that were set to libour,
im sure the banks will be hunted without mercy
xploder
The second Barclays announced its $450 million Libor settlement, it was all over - the lawyers smelled not only blood, but what may be the biggest plaintiff feeding frenzy of all time. Which is why it was only a matter of time: "State attorneys general are jumping into the widening scandal over whether banks tried to manipulate benchmark international lending rates, a move that could open a new front against the top global banks. A handful of state attorneys general said they are looking into whether they have jurisdiction over the banks, and are starting preliminary discussions to determine what kind of impact the conduct involving the Libor rate may have had in their states."
Originally posted by XPLodER
reply to post by Wrabbit2000
if they dont prosicute,
there will be many upset people
there is no way to sweep this under the rug
xploder
Originally posted by kwakakev
avaaz.org has a petition going at the moment to help put the bankers behind bars www.avaaz.org...
thank you kwOriginally posted by Americanist
reply to post by XPLodER
As with Greece... Many are starting to sell public works to the same entities/ elitists responsible for the fraud. Mind you, it's all fictitious currency in the first place.