Citigroup News
Too big to punish
Sticking it to Uncle Sam should attract harsh punishment. But, the fines Citigroup and Bank of America (BofA) will pay — $158 million and $1 billion, respectively — to settle claims they defrauded the US government look easily handled. Citi has even admitted fraud in its dealings over home loan insurance. A ban from participating in the government’s mortgage insurance programs would
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