Hey Boris .. If you don't mind what is the BP board saying if Libor pays say 80 or 8x face. Do they feel what is still remaining will be big as well? Thanks
Well, whatever they pay, it will be a far cry from the profit they made due to the rigging. I understand it was possibly in the Trillions. So, once again, merely a 'cost' of doing business.
Boris, is there a link to the filing showing that the Libor lawsuit is in the amount of $400B? I thought the amount being asked for was much lower. If the $400B is true then I'm hopeful that the settlement amount will be at least 10% ($40B)...that's significant dough...that will make it past the $13B bank bonds