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Date: 8/10/2012
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Title: LIBOR Rate-Fixing Scandal Sets Off Investigations, Lawsuits Against Big Banks
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Description: Cities around the country, from Baltimore to Oakland, are taking legal action against the banks responsible for suppressing the London interbank offered rate, Libor. And some 75% of major cities involved in libor-tied interest-rate swaps stand to reclaim taxpayer losses in addition to libor-backed mortgage holders who lost money on the rate's manipulation.
More news at http://therealnews.com
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