Memo: Libor fraud might have cost Fannie and Freddie $3B

12/20/2012 | Washington Post, The · Reuters

U.S.-controlled mortgage-finance companies Fannie Mae and Freddie Mac might have lost as much as $3 billion through manipulation of the London Interbank Offered Rate, according to a memo by the inspector general for the Federal Housing Finance Agency. The memo recommends that the agency consider taking banks involved in Libor manipulation to court.

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Washington Post, The · Reuters

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