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Ring of Fire: Citigroup Settlement Insulting To Victims
The Department of Justice recently announced a $7 billion dollar settlement with Citigroup for selling shoddy securities ahead of the 2008 financial meltdown. Citigroup is the second bank that has settled with the Justice Department since the Obama administration began investigating potential criminal activities from banks, but this settlement isn’t good enough.
Ring of Fire guest host Farron Cousins and attorney Michael Burg discuss why.
More at Ring of Fire.
