As expected, the con men are turning on each other.

The end stages of a run of organized crime are marked by the rats turning on each other.  First, one of them scapegoats the other in order to either gather more territory or avoid a legal penalty of some sort.  The one that gets scapegoated then starts telling stories in the jailhouse.  Pretty soon he is the star witness of the RICO trial.  Banks should indeed be brought up on RICO charges for the massive organized fraud that they have been involved with for decades.  The banks are the biggest money launderers for the drug cartels as well. 

Today, Fannie Mae decided to do the legal equivalent of turning state's evidence on 9 of the largest banks as it filed suit against them for their collusion on the LIBOR (London Inter Bank Offer Rate).  This is supposed to be a market driven measure for the cost of money loaned from one bank to the other.  It is used as a benchmark for many things including derivatives, mortgages and other funny money transactions that were tied to LIBOR: "Fannie Mae accused Barclays, UBS, Internal Rabobank Groep, Royal Bank of Scotland, Deutsche Bank, Credit Suisse, Bank of America, Citibank and JPMorgan Chase of colluding to artificially lower the rate from 2007 to 2010."

What's important about this is that you cannot sue anyone without proving your case and you cannot sue 9 of the worlds biggest, most powerful banks without tons of proof.  Also, Fannie Mae is no longer an independent bank.  It was taken over by the US government back in September of 2008.  So this is really the US government suing these banks, many of which are the pets of foreign governments.  So this is really the US government attacking the financial henchmen of foreign governments.

Something tells me they will not be too happy about this.  Something else tells me that they are not as helpless  in this matter as the US con men believe them to be.  Yes, those banks are dirty as Hell but so is the US government.  So it is definitely the pot calling the kettle black.  The banks will be first but before this is over, the Obama socialist government will be attacking large corporations, probably for collection of tax revenues that were never paid because the profits associated with said revenues were never repatriated by the likes of IBM, GE, etc.  

Remember: never get near  a drowning man as he will take you down with him.  The US government is drowning in a sea of corruption of its own creation.