I would imagine the number of lawsuits to be eventually filed against the LIBOR setting banks, will be amazing. I see individual states doing their homework and other funds and institutions. Yet, the sp,s of these banks are holding up, amazing! I guess they are too big to fail. If QE3 is being set up to bail the banks out again, how is that gonna help the economy? If QE3 doesn,t help the banks, how can the economy survive if many go under? So, if the printing of money goes on, with increasing debt and not enough gold to back up a currency if a global gold standard is implimented.....Very interesting!

http://www.nytimes.com/2012/09/05/business/banks-facing-suits-as-states-weigh-their-libor-losses.html

IMO