Citigroup was accused of misleading customers who invested in complex mortgage securities and has agreed to pay a $256 million fine to settle the civil fraud case. Anthony Mason reports.
Citigroup should be charged with criminal negligence in this fraud case. 285 million dollars is chump change for a fine for crimes of this magnitude. Citigroup should have had to pay a fine on every single bet it made against its own investors. These banks need to be broken up, their wealth split and their executives tarred and feathered in Times Square.
Citigroup should be charged with criminal negligence in this fraud case. 285 million dollars is chump change for a fine for crimes of this magnitude. Citigroup should have had to pay a fine on every single bet it made against its own investors. These banks need to be broken up, their wealth split and their executives tarred and feathered in Times Square.
Xceles618 4 months ago 3