The $7 billion Citigroup settlement with the Department of Justice, the largest civil fraud penalty in U.S history, has rightfully drawn criticism for failing to compensate the alleged victims of the bank’s pre-financial crisis mortgage securitization practices: those investors stuck with non-performing securities who were insufficiently warned of the latter’s [...]
Comment on Citigroup Settlement's Fine Print: Government Housing Hubris
Howard Husock, Contributor, Forbes
Wed, 07/23/2014 - 3:00am
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