BIG BANKS made BIG BUCKS on LIBOR trades.
Deutsche Bank alone made $654 million on LIBOR based trades in 2008, while accepting BILLIONS in
emergency funding from the Federal Reserve.
ENOUGH IS ENOUGH!
Dear Asst. Attorney General Raman ,
If investigators find that more big banks
are guilty of LIBOR manipulation, they
should not be let off the hook without
admitting wrong-doing. We demand
that there be no new LIBOR settlements
without an admission of guilt. Too-big-
to-fail banks like Deutsche Bank, which
profited immensely from huge bets on
LIBOR changes, (while accepting billions
in emergency Fed funding) should not
be above the law. If they manipulated
rates, they should admit it. No free
passes!
Sincerely,
NAME
ADDRESS
Mythili Raman
Acting Assistant Attorney General
U.S. Department of Justice
Criminal Division
950 Pennsylvania Avenue, NW
Washington, DC 20530-0001
