2013-06-03bloomberg.com

``This week the U.S. Federal Housing Finance Agency told a federal judge it had settled its case against Citigroup Inc. (C) The agency won't say how much money Citigroup is paying. Neither will Citigroup, which survived the financial crisis only because it got multiple taxpayer bailouts. The parties agreed to keep the terms confidential. The government has decided this is none of the public's business... This conveniently makes it difficult for the public to hold anyone at the FHFA accountable. If the settlements were large, I suspect the agency would be bragging about them as an inducement to get other defendants to pay more.''



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