Quantcast
News

Libor Manipulation Losses Probed by 5 State Attorneys General

To continue reading, log in, register or subscribe below.Calendars are available to registered users of The Bond Buyer web site.
Please log in below with the credentials you established at the time of your subscription or when you set up a free trial. If you have never set up an account with The Bond Buyer, please click the "Free trial" link below to set up your account.

Already a subscriber? Log in here.

Please note you must now log in with your email address and password.

 

Comments (2)
Excellent point by the prior commenter. For every loser there was a winner. Most of the so-called "manipulation" was done with the approval of the relevant regulator. For those cases, the plaintiffs should sue the regulator and its government. This scandal is more about post crisis correctness to shield past and current politicians and regulators. Of course, the plaintiff bar will want its pound of flesh as well.
Posted by mdwjr | Wednesday, July 18 2012 at 10:51AM ET
What about all of the outstanding non-bank taxable debt in the market that was left in floating rate mode tied to Libor? If Libor was in fact artifically suppressed, wouldn't all of those corporate borrowers owe additional interest on their borrowings to their lenders for the outstanding principal during that time period?
Posted by stsiple | Tuesday, July 17 2012 at 5:39PM ET
Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Upcoming Events

Already a subscriber? Log in here
Please note you must now log in with your email address and password.