LIBOR Plus What?
It appears U.S. regulators are looking into whether some major
banks have tried to manipulate LIBOR (London Interbank Offered
Rate), the global benchmark interest rate, to boost their credit
quality. There has been speculation that bank executives formed a
cartel to manipulate the rates, which might expose them to cartel
claims. For a snippet on the investigation, click here.
Bordering on the Invasive
The Ninth Circuit has held that the government can seize and
transport for subsequent search electronic devices that pass with
their owners through customs. In this case, a couple came into
Arizona from Mexico, and customs officers seized their laptops
without any particularized suspicion. After transporting the
laptops to a field office 170 miles away, and after several days,
the government found evidence of child-pornography offenses. The
Ninth Circuit, invoking the border-search doctrine, reversed the
district court's order suppressing the
