from the New York Times Citigroup has agreed to pay $285 million to settle a civil fraud complaint that it misled investors in a $1 billion derivatives deal tied to the United States housing market, then bet against the investors as the housing market began to show signs of distress, the Securities and Exchange Commission [...]
Filed under: disaster capitalism, Economic Crisis ie. Disaster Capitalism, economic terrorism, Fake Banking Reform, Neoliberalizing America, war on the middle class | Leave a Comment »