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Forum Post: Citicorp to pay $285 million... Thats all????

Posted 13 years ago on Oct. 20, 2011, 9:10 a.m. EST by dumpsterdivinxyz (0)
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An example of banks out of control!!

"As the housing market began its collapse, Wall Street firms and sophisticated investors searched for ways to profit. Some of them found an easy method: Stuff a portfolio with risky mortgage-related investments, sell it to unsuspecting customers and bet against it." Read more...

http://www.nytimes.com/2011/10/20/business/citigroup-to-pay-285-million-to-settle-sec-charges.html?_r=1&hp

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