Citigroup Execs Involved In MBS Biz Circa 2008 Can Breathe Easy
No bunk beds or jumpsuits for you!
So that's nice for them.
U.S. authorities have decided not to pursue criminal charges against any Citigroup Inc (C.N) executives or employees involved in packaging and selling mortgage-backed securities at the heart of the 2008 financial crisis, a government report shows...Its release marked the first public acknowledgement by U.S. authorities that executives at a major bank linked to the financial crisis would face no criminal charges for their involvement in selling billions of dollars of toxic mortgage bonds.
Exclusive: Citigroup executives avoid U.S. charges over mortgage bonds - document [Reuters]
