Site icon The Insiders Fund

Attorney Generals, hey, you can’t have it both ways

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?

Exit mobile version