Aug. 1 (Bloomberg Law) -- The world's biggest banks are likely to defend lawsuits alleging they manipulated the Libor interest rate by saying the federal government knew it and did nothing, according to Neil Barofsky, former Inspector General for TARP. Rather than put maximum pressure on the banks by suing them individually, the government is likely to try to sidestep arguments it was complicit in the Libor mess by seeking a global settlement, he tells Bloomberg Law's Lee Pacchia. Barofsky is the author of the new book "Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street."
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(Lucas : Discernment : Discern youselves as not all told, heard, written and shown, is your truth, it can be a half-truth, a distorted truth and or plain disinformation. This moving times in radio shows, audio, videos, articles and channelings a lot is said that you need to always question before taken it for truth, even that what I say of course.)
