UBS ADMITS FRAUD IN $1.5 BILLION LIBOR RIGGING SETTLEMENT

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Wall Street came to the Detroit City Council Jan. 31, 2004. Shown are then Detroit CFO Sean Werdlow, Joe O’Keefe of Fitch Ratings, Stephen Murphy of Standard and Poors, and then Deputy Mayor Anthony Adams (under former Mayor Kwame Kilpatrick) putting the squeeze on City Council to approve $1.5 billion POC loan. PHOTP: DIANE BUKOWSKI

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