Libor Rate-Rigging Scandal Sets Off Legal Fights for Restitution - NYTimes.com: Rate Scandal Stirs Scramble for Damages
Most consumer mortgages in the sub-prime market were linked to the Libor at adjustment but due to this conduct remain at a lower rate. So the investor in sub-prime mortgages lost while the borrower benefited. Presumably the tax payers that funded the purchase of these sub-prime mortgages through TARP lost on interest but gained on less mortgages being subject to purchase based upon default. Likely this also impacted to some extent the AIG bailout for taxpayer. HMMM?
You have to love those folks like banks, insurance companies and others that hate lawsuits unless they are wronged. Hypocritical positions? Just another example of the falsity of tort reform.
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Attorney Jason L. McCoy
Thursday, July 12, 2012
Libor Rate
Attorney Jason L. McCoy is a civil trial lawyer who represents plaintiffs in product liability actions, defective premises actions, inadequate security cases, drug litigation, tractor trailer wrecks, wrongful death actions, and motor vehicle wrecks, and commercial litigations, he represents many local, national and international corporations as corporate counsel in transactions, litigation and corporate formation. Mr. McCoy is licensed in State and Federal Court in Connecticut. Mr. McCoy is a member Presidential Member of the American Association for Justice, a member of the Board of Governor for the Connecticut Trial Lawyers Association and serves on its education committee, and a member of the Tolland, Connecticut and American Bar Associations. Mr. McCoy is a Member of the Million Dollar Verdict Forum. Mr. McCoy has presented nationally to members of the American Association for Justice on inadequate security, Mr. McCoy has presented to the Connecticut Trial Lawyer Association on several occasions on focus groups, story telling and closing arguments, legal emergencies, and handling cases in federal court.
http://www.ctlawyer.biz/
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