Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) may find winning its case against over a dozen large banks for alleged manipulation of LIBOR interest rates may not be easy. In a recent article posted in the financial blog ‘Sober Look’, the author highlights the idea proposed by The Office of Inspector General of the Federal Housing Agency (FHFA-OIG) on using the Fed’s measure of deposit rates as the bench mark, instead of LIBOR. According to an internal staff memorandum report from FHFA-OIG, Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp…
Freddie Mac Faces An Uphill Task Over LIBOR Manipulation
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports