Fannie Mae (FNMA:OB) sued nine of the world’s largest banks on Thursday, accusing them of colluding to manipulate interest rates and seeking more than $800 million of damages.
Fannie Mae sues nine banks for rigging Libor – Reuters
Fannie Mae sues (FNMA:OB)nine banks for rigging LiborReutersBut according to Thursday’s 71-page lawsuit, “defendants’ promises and representations regarding the legitimacy of Libor were false,” causing Fannie Mae to lose money on swaps, mortgages, mortgage se …
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Subprime the Musical- Series of light-hearted podcasts designed to explain the Subprime Mortgage Crisis. To learn more visit: www.subprimethemusical.wordpres…