Whole Show | First Story »

July 30, 2010

Headlines for July 30, 2010

Adobe Flash Player version 9.0.115 or higher is required to watch video inline on this webpage, and JavaScript must be enabled. You can choose another option on the listen/watch page if you prefer.

Citigroup to Pay $75M to Settle Subprime Mortgage Claims

Citigroup has agreed to pay $75 million to settle federal claims that it hid more than $40 billion in subprime mortgage investments that were deteriorating. The holdings ultimately crippled the bank and forced the federal government to rescue the bank. As part of the settlement, two high-ranking Citigroup executives have agreed to pay a total of $180,000 in fines for their involvement in the subprime mortgage investments.

See all headlines for this show

Creative Commons License The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Whole Show | First Story »