The worst fears of campaign finance reformers played out in real time on Tuesday in the U.S. Supreme Court as a majority of justices appeared inclined to further erode the regulation of money in elections.

Class action litigation is beginning to take shape over allegations that major banks manipulated Libor, the benchmark rate used to calculate interest on trillions of dollars in securities globally. On Monday the federal district court judge hearing the litigation consolidated 20 class complaints, and appointed interim class counsel.