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Fannie Mae and Freddie Mac may have lost more than $3B as a result of Libor-rigging (UBS...

Fannie Mae and Freddie Mac may have lost more than $3B as a result of Libor-rigging (UBS settlement earlier), according to an FHFA report, which urges the GSEs to sue the banks involved. The companies have begun exploring legal options.
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Comments (3)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    GSEs lost more from non-performing loans and poor underwriting standards. Get the gov't out of the mortgage business.
    19 Dec 2012, 04:55 PM Reply Like
  • chopchop0
    , contributor
    Comments (4104) | Send Message
     
    amen
    19 Dec 2012, 07:00 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9964) | Send Message
     
    These LIBOR bank rigging stories are almost too much. When the heck are they going to prosecute some of these banks criminally?
    20 Dec 2012, 01:14 AM Reply Like
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