Forum Post: We smell Victory! Citicorp agrees to DISGORGE PROFITS for misleading and negligently selling TOXIC MORTGAGES to its clients them betting aginst them.
Posted 13 years ago on Oct. 19, 2011, 10:57 p.m. EST by FedWallFedWellFedUP
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We smell victory....V I C T O R Y is in the air tonite! Citicorp agrees to DISGORGE PROFITS for misleading and negligently selling TOXIC MORTGAGES to its clients them betting against them.
Huh?
Citibank paid fines totaling $285 for a $1 billion scam.
Citibank made a cool profit of $715 million scamming customers after fines.
I rather suspect Citibank would want to stay a "loser" with that kind of profit margin.