From: Gregory Brown < To: undisclosed-recipients:; Bcc: [email protected] Subject: Fwd: Greg Brown's Weekend Reading and Other Things.... 03/31/2013 Date: Sun, 31 Mar 2013 16:05:29 +0000 Attachments: America's_Coastal_Denial_Andrew_Romano_The_Daily_Beast_Mar 25,2013.pdf; Income_Inequality,_l_Inch_to_5_Miles_David_Cayjohnson_TaxAnalysts_February_25,_2 013.pdf; Wage_&_Wealth_Inequality_graphs.pdf; Inequality,_The_Global_View_Ruy_Teixeira_ThinkProgress_Mar._25,_2013.pdf; In_Cyprus,_making_up_a_euro_solution_on_the_fly_TWP_Editorial_March_26,_2013.pdf; Issac_Hayes_Wikipedia_Bio.pdf; Issac_Hayes_Wikipedia_Bio(1).pdf Dear Friend On this past Friday in New York, U.S. District Judge Naomi Reice Buchwald dismissed a "substantial portion" of claims facing a number of banks in a barrage of lawsuits accusing them of interest-rate rigging/commodities manipulating the London Interbank Offered Rate, commonly known as ("Libor"). Everyone on Wall Street knows that these banks are guilty of these charges, especially after several defendants have already paid billions of dollars in penalties to government regulatory agencies here in the US and in the UK. In a 161-page opinion, Buchwald said unlike government agencies, private plaintiffs needed to meet many requirements under the statutes to bring a case. Three banks have reached settlements with authorities to date. Most recently, Royal Bank of Scotland Group PLC agreed to pay $612 million to U.S. and British authorities. UBS AG agreed in December to pay $1.5 billion. Barclays agreed to pay $453 million in June. Other defendants facing private lawsuits included Citigroup Inc , Credit Suisse Group AG , Deutsche Bank AG , HSBC Holdings PLC , Royal Bank of Scotland, WestLB AG, and Royal Bank of Canada , among others. More than a dozen banks and brokerages are under investigation by regulators worldwide for manipulating benchmark rates such as Libor, which have been the basis for more than $55o trillion in fin