The FDIC sued the Big Banks regarding LIBOR/currency manipulation that caused WMB’s failure. The FDIC’s words not mine! Johnny posted the FDIC litigation against the Big Banks on BP. Great read!!
That litigation is nearing closure.
LIBOR settlements frees all assets held in Safe Harbor for distributions for WMI, Lehman’s, and F&F as the 2008 Derivative market meltdown is finally settled.