Homeowners Launch Class Action Suit Against Banks Over LIBOR Scandal | A class action suit that could involve up to 1,000 American homeowners has been launched against 12 of the world’s biggest banks; the homeowners allege that “Libor manipulation made mortgage repayments for thousands of Americans more expensive than they should have been.”
Banks were caught manipulating the LIBOR — a key interest rate — earlier this year. An attorney for the homeowners says his clients lost “thousands of dollars each” due to the banks’ alleged malfeasance.
More people should get together from every country in the world and set up suits against the banks!
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