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View Diary: The Economist via Yves Smith: U.S. Cities May Seek $40 Bln Damages Due to Banks’ LIBOR Fraud (103 comments)

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  •  Good, I hope the cities and towns do. (0+ / 0-)

    I also hope the corporations who, in some cases, were FORCED to buy interest rate swaps by their bank lenders, also do.  Not because I particularly feel sorry for them, but because it has become evident that the only real regulation of bank incentives and behavior is going to come from private litigation, not the government(s).

    Hey, Republicans, the whole world is watching.

    by TAH from SLC on Thu Jul 12, 2012 at 09:48:27 AM PDT

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