Fannie Mae Sues Banks over Libor-Fixing Scandal
Targets nine banks for $800 million
Fifth firm penalized for manipulating rate
Manipulating numbers downward was way to ease loan terms
From a long-term perspective, the Federal Reserve is doing more harm than good right now to economic stability.
New from Reason: a look into what Javier Milei has accomplished and what it will take to make the most of Argentina’s window for real change. Out now for subscribers.