"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 ]
Friday, July 30, 2010
Thursday, July 29, 2010
Grupo Mexico proposed merger of railroad units
"We are expecting the notification ... of this ruling will be by the end of August," Octavio Ornelas, a director of the company's transportation arm, said on a conference call for investors....'If Cofeco appeals that ruling, then we will spend another six to nine months in order to have a positive ruling so we will have that consolidation ready by the end of the first quarter of next year,' he said....Ferromex and Ferrosur are clustered under Grupo Mexico's transportation division, Infraestructura y Transportes Mexico, or ITM...."
http://www.miningweekly.com/article/grupo-mexico-says-rail-merger-depends-on-regulators-2010-07-29
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