U.S. regulator sues 16 banks for rigging Libor rate

``The Federal Deposit Insurance Corp sued 16 of the world's largest banks on Friday, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate... The financial institutions' conduct caused "substantial losses" to 38 banks that the U.S. regulator had taken into receivership since 2008, including Washington Mutual Bank and IndyMac Bank, the FDIC said.'' -- Better hurry and get this done, then get on to Forex rigging and gold rigging...