No Kidding

The headline reads as if it actually announces something, well, new; "newsy"; worthy of note.

But "Banks urge judge to throw out Libor lawsuits" is far from new; "newsy"; worthy of note.

No more so than the revelation that "the banks" (aka "TBTF"; Too Big To Fail) had "manipulated" LIBOR (the London InterBank Overnight Rate), which, as many Americans have learned, rather painfully, was used to "reset" mortgage payments.

It IS funny, though.  If the "news" agency quoted him right, one of "the banks"'s attorneys admitted deceiving investors.

Take a look:
http://www.reuters.com/article/2013/03/05/us-bankslibor-lawsuits-idUSBRE9241C220130305