Citigroup is the chance that Muammar Gaddafi was killed when he was. The death of Libyan leader diverted attention from an article threatening with Citigroup, which deserves more attention because it helps explain why many average Americans have expressed support for the movement Collect Wall Street.
The news that Citigroup has been fined $ 285 million to settle a case in which, with one hand, Citibank sold a package of toxic mortgage-backed securities to unsuspecting customers - values that he knew it probably would not - and with the other hand, short circuit the same values - that is betting millions of dollars that would go bankrupt.
"The agreement has been largely worthless in a few months after its creation," the magazine added. "As a result, about 15 hedge funds, investment managers and other companies have invested a lot of lost hundreds of millions of dollars, while Citigroup has made a $ 160 million in commissions and trading profits."
Citigroup Paulson to give up reading everything, grabbing their roles profitable themselves. "(Last Thursday, U.S. District Court judge to monitor the case needed to explain the severity of the SEC's securities fraud could end the defendant is not admitting or denying the abuse.)
It 'was the pursuit of "fairness." Many Egyptians were convinced that they lived in a deeply unequal society, in which the game was rigged from the Mubarak family and close friends capitalists. Egypt shows what happens when a country adopts free-market capitalism without the development of a genuine rule of law and institutions.
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