Libor concerns prompt Freddie Mac to sue major banks

03/20/2013 | Bloomberg · Wall Street Journal, The

A Freddie Mac lawsuit is targeting more than a dozen banks as well as the British Bankers' Association over alleged interest-rate manipulation. "We have an obligation to minimize losses to taxpayers so we felt like we needed to preserve our claim, and that was the purpose of filing this individual suit," a spokeswoman said.

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Bloomberg · Wall Street Journal, The

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