<html><head><meta http-equiv="Content-Type" content="text/html charset=us-ascii"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><div>snippet below - more at web site</div><div><br></div><div><br></div><a href="http://www.sacbee.com/2013/07/23/5589543/sacramento-county-sues-worlds.html">http://www.sacbee.com/2013/07/23/5589543/sacramento-county-sues-worlds.html</a><div><br></div><div><div id="story_header" style="font-family: Arial, Helvetica, sans-serif; font-size: 12px; background-color: rgb(255, 255, 255); position: static; z-index: auto; "><h1 id="story_headline" class="entry-title" style="color: rgb(2, 74, 130); line-height: 1em; font-size: 26px; margin: 0px; ">Sacramento County sues world's largest banks over Libor rigging</h1><h2 id="story_subheadline" style="color: rgb(119, 119, 119); line-height: 1em; font-size: 20px; margin: 3px 0px 0px; "></h2><div class="byline" style="font-size: 11px; margin: 8px 0px; ">By <a href="http://www.sacbee.com/search_results/?sf_pubsys_story_byline=Dale%20Kasler&link_location=top" title="Read more articles by Dale Kasler" style="outline: 0px; text-decoration: none; color: rgb(2, 74, 130); ">Dale Kasler</a><br><a class="email" href="mailto:dkasler@sacbee.com" style="outline: 0px; text-decoration: none; color: rgb(2, 74, 130); ">dkasler@sacbee.com</a></div><div class="pubdates" style="padding-bottom: 1.5em; "><div class="published" title="2013-07-23T13:23:06-0700" style="padding: 0px; ">Published: Tuesday, Jul. 23, 2013 - 1:23 pm</div><div title="2013-07-23T14:21:18-0700">Last Modified: Tuesday, Jul. 23, 2013 - 2:21 pm</div></div></div><div id="articlebody" class="lingo_region entry-content" style="font-size: 15px; line-height: 1.5em; font-family: Georgia, 'Times New Roman', Times, serif; background-color: rgb(255, 255, 255); position: static; z-index: auto; "><p style="margin-bottom: 15px; "><a rel="nofollow" href="http://topics.sacbee.com/Sacramento+County/" class=" lingo_link lingo_link_hidden" style="outline: 0px; text-decoration: none; color: black; border: none; cursor: pointer; display: inline; ">Sacramento County</a> filed a major lawsuit today against some of the world's largest banks, accusing them of manipulating an influential<a rel="nofollow" href="http://topics.sacbee.com/interest+rate/" class=" lingo_link lingo_link_hidden" style="outline: 0px; text-decoration: none; color: black; border: none; cursor: pointer; display: inline; ">interest rate</a> to gain profits at the county's expense.</p><p style="margin-bottom: 15px; ">The lawsuit, filed in U.S. District Court in Sacramento, accuses <a rel="nofollow" href="http://topics.sacbee.com/Bank+of+America/" class=" lingo_link lingo_link_hidden" style="outline: 0px; text-decoration: none; color: black; border: none; cursor: pointer; display: inline; ">Bank of America,</a> Barclays,<a rel="nofollow" href="http://topics.sacbee.com/JPMorgan+Chase/" class=" lingo_link lingo_link_hidden" style="outline: 0px; text-decoration: none; color: black; border: none; cursor: pointer; display: inline; ">JPMorgan Chase</a> and a host of others of manipulating the <a rel="nofollow" href="http://topics.sacbee.com/interest+rate/" class=" lingo_link lingo_link_hidden" style="outline: 0px; text-decoration: none; color: black; border: none; cursor: pointer; display: inline; ">interest rate</a> known as Libor - the <a rel="nofollow" href="http://topics.sacbee.com/London+Interbank+Offered+Rate/" class=" lingo_link lingo_link_hidden" style="outline: 0px; text-decoration: none; color: black; border: none; cursor: pointer; display: inline; ">London Interbank Offered Rate.</a></p><p style="margin-bottom: 15px; ">Libor is used to set <a rel="nofollow" href="http://topics.sacbee.com/interest+rates/" class=" lingo_link lingo_link_hidden" style="outline: 0px; text-decoration: none; color: black; border: none; cursor: pointer; display: inline; ">interest rates</a> all over the world.</p><div style="width: 1px; height: 1px; font-size: 10pt; line-height: normal; font-family: sans-serif; text-align: left; overflow: hidden; "><br>Read more here: http://www.sacbee.com/2013/07/23/5589543/sacramento-county-sues-worlds.html#storylink=cpy</div></div></div></body></html>