Relevant:
- In Citigroup Case, a Risk Rating Investors Didn't See -- Fair Game
- Citigroup Executives Depart After Mortgage-Fraud Case
- Treasury Keeps Citigroup Names Secret on Concern of Harassment
- U.S. Criticized for Lack of Action on Mortgage Fraud - NYTimes.com
- Meet the New Enforcement Chief of the SEC -- The Guy Who Orchestrated Last Year's Discredited National Mortgage Settlement on Behalf of Wall Street
2012-05-31 — nakedcapitalism.com
The HUD Inspector General reports unsealed after the settlement show that robosigning was still going on as late as this year. It's just not a surprise that Citigroup was covering up fraud in their mortgage unit as late as this year.
After all, why shouldn't Citigroup do so? It worked out for their executives last time, didn't it?
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