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Citigroup's Paltry Debt Penalty

Wall Street Journal Original article ›

Keywords:


S.E.C.'s failure in fraud prevention and supervisory role for financial institutions.

08/24/2009

Grouped Articles

SEC's Top Cop Oversaw Deutsche CDOs

Wall Street Journal 04/24/2010

Inside the End of the U.S. Bid to Punish Lehmann Executives

New York Times 09/08/2013

S.E.C. Tension As It Examined Mortgage Cases

New York Times 12/19/2013

­Elizabeth Warren: One Way to Rebuild Our Institutions

New York Times 01/29/2016

BofA Ruling Questions an SEC Weapon

Wall Street Journal 09/16/2009

Judge Tosses Out Bonus Deal

Wall Street Journal 09/15/2009

2008 subprime mortgage securities financial crisis

08/05/2007

Financial crisis from the widespread distribution of securities created from pools of subprime mortgages in the portfolios of finacil institutions around the globe. How credit rating agencies helped create the crisis by giving A ratings to these securities which were then widely distributed as credit worthy.

Grouped Articles

Goldman Sachs: Don't Blame Us

BusinessWeek 04/01/2010

A Toxic Subprime Mortgage Bond's Legacy Lives On

Wall Street Journal 09/13/2013

Recipes for Ruin, in the Gulf or on Wall Street

New York Times 06/11/2010

S. & P. E-Mails on Mortgage Crisis Show Alarm and Gallows Humor

New York Times 02/05/2013

S&P to Pay $1.5 Billion to Resolve Crisis-Era Litigation

Wall Street Journal 02/04/2015

Housing Bust Fuels Blame Game

Wall Street Journal 02/27/2008

The Citigroup Rescue in November 2008.

11/13/2008

A Morgan Stanley type bear raid by short sellers on Citigroup shares with 50% of share value lost in a few days. Pandit of Citi desperately asks for reinstatement of the uptick rule to prevent short seller raids.

Grouped Articles

Citigroup Hits 'Penny Stock' Realm

Wall Street Journal 03/06/2009

U.S. Settles Mortgage Inquiry for $7 Billion

New York Times 07/14/2014

Old Lane Managers Look for Exit From Citi

Wall Street Journal 12/24/2008

Citi Directors Mull Replacing Chairman

Wall Street Journal 11/13/2008

Worst May Be Yet to Come for Citigroup

New York Times 11/14/2008

When Citi Lost Sallie

New York Times 11/16/2008

The perverse effects of lobbying in damaging the public interest.

04/10/2009

Finance industry lobbying, with $300 million alone spent to repeal the Glass Steagall Act which kept banks from getting involved in the securties business, is having the effect of making changes without the due diligence and care necessary for changing legislation that had deep reason embedded in experience during the Great Depression. Citigroup's failure is a result of its involvement in the securities business, and it was a principal backer for the repeal. Similar situation is playing out in the U.S. health-care area which has overtaken the finance industry in money spent for lobbying. Lobbying of this magnitude is having distortional effects on national priorities on necessary regulation, and on creating sustainable economical systems for health care in health care laws.

Grouped Articles

Banks' Lobbyists Help in Drafting Financial Bills

New York Times 05/23/2013

Making Banking Boring

New York Times 04/10/2009

Finance Lobby Cut Spending as Feds Targeted Wall Street

Wall Street Journal 07/02/2009

Costs and Benefits

New York Times 07/20/2009

Sharks Circle in Congress

New York Times 07/20/2009

Doctors' Payments Snag Health Bill

Wall Street Journal 07/20/2009


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