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This Blog is NOT for the faint of heart...It is Rated PG13 for language & nudity.
Please read the next paragraph to begin to grasp the vastness of the LIBOR Scandal. There is a global bank cartel, that ran their own organized crime racket. For how long? Centuries? Decades? The point is people and local governments can now sue the banks - without waiting for Obama or any other President. Why? Because no President of the USA will ever touch the banks. What can you do? You can void your mortgage for one. For more… well, watch the video.
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.