"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Friday, July 30, 2010

ASARCO former principle-bondholder Citigroup now ordered to pay SEC over 70 million in fines$

"Citigroup to Pay $1 for Every $500 in Subprime Exposure It Hid
by Marian Wang
ProPublica, Yesterday, 4:08 p.m.
Citigroup has agreed to pay the SEC $75 million to settle charges that the bank hid exposure to more than $40 billion [1] in subprime CDOs. (That works out to roughly $1 fine for every $500 worth of hidden exposure.) Read the full SEC complaint".
http://www.propublica.org/blog/item/citigroup-to-pay-for-75-million-for-hiding-exposure-to-subprime-cdos

[do search on "Citigroup" in blog search engine]
[also see
epgtlo.blogspot.com/2009/07/citigroup-comment-on-pemex.html ]

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