From Business and financial news – Citi fined $158 million for gaming federal housing

It’s about time we started prosecuting these money-hungry corporations (I mean “people”, NOT!) to do better practices!


Citigroup will pay $158 million to settle charges that its mortgage unit defrauded the Federal Housing Administration by inaccurately claiming that certain mortgages were eligible for government insurance, government officials announced Wednesday.

from Business and financial news –

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