Attorney Generals, hey, you can’t have it both ways
Posted on 17. Jul, 2012 by Harvey Sax in Trading Ideas
It’s hard to argue that major banks charged more interests to the consumers by under LIBOR reporting rates. JPM not knowing what their risk was and losing $5 Billion or more was egregious. I doubt if they colluded to under report rates for the benefit of Barclays. I doubt that you can prove much damages. After all who wants higher rates?
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Robert
21. Jul, 2012
*Attorneys General