[Occupymendocino] Sacramento County sues world's largest banks over LIBOR rigging

[Jessie Lee VanSant]

snippet below - more at web site


http://www.sacbee.com/2013/07/23/5589543/sacramento-county-sues-worlds.html

Sacramento County sues world's largest banks over Libor rigging
By Dale Kasler
dkasler at sacbee.com
Published: Tuesday, Jul. 23, 2013 - 1:23 pm
Last Modified: Tuesday, Jul. 23, 2013 - 2:21 pm
Sacramento County filed a major lawsuit today against some of the world's largest banks, accusing them of manipulating an influentialinterest rate to gain profits at the county's expense.

The lawsuit, filed in U.S. District Court in Sacramento, accuses Bank of America, Barclays,JPMorgan Chase and a host of others of manipulating the interest rate known as Libor - the London Interbank Offered Rate.

Libor is used to set interest rates all over the world.


Read more here: http://www.sacbee.com/2013/07/23/5589543/sacramento-county-sues-worlds.html#storylink=cpy
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://lists.mcn.org/pipermail/occupymendocino/attachments/20130723/f62b47e7/attachment.html